Name the sector of the economy that JSK Construction Ltd operates in - Leaving Cert Business - Question A - 2018

One other sector of the economy is the Tertiary Sector. This sector focuses on providing services rather than goods. For example, an occupation in this sector could be a hairdresser, who provides personal grooming services to clients.

1. Employment Opportunities: The construction activities carried out by JSK Construction Ltd will create local jobs, helping to reduce unemployment in the area.
2. Economic Spin-Offs: Increased local spending on goods and services as construction workers will likely support local businesses, stimulating further economic growth.

1. Access to EU Markets: Multinationals benefit from free trade agreements within the EU, giving them access to over 500 million consumers.
2. Low Corporation Tax: Ireland's low corporate tax rate (12.5%) attracts companies seeking to maximize profits, making it financially beneficial to set up operations there.
3. Highly Skilled Workforce: Ireland boasts a highly educated labor pool, with numerous graduates available to meet the needs of multinational companies.

1. Fair Pricing: A business that charges fair prices for its products respects customer value and market fairness.
2. Accurate Information: A business ensuring that it provides truthful and accurate information about its products, avoiding misleading advertising, demonstrates ethical responsibility.

Limited liability means that if a company goes bankrupt, the owners or shareholders are only liable for the company’s debts up to the amount they invested. Their personal assets are protected, and they are not responsible for the company’s total debts beyond their investment.