1.1

Question 1

primary sector

Answer 1

business activity that involves the extraction of natural resources

predominant sector for LEDCs (less economically developed country)
account for majority of gross domestic product (GDP) and employement in LEDCs
added value is relatively** low** for the output, thus the workers are typically paid low

Question 2

secondary sector

Answer 2

business activity that involves the manufacturing or construction of finished products

exp: car manufacturing and food processing

predominant sector in economically developing countries
majority of gross domestic product (GDP) and employment

Question 3

tertiary sector

Answer 3

business activity that involves providing services to customers
predominant sector in economically developed countries
majority of gross domestic product (GDP) and employment
exp: advertising and** banking**
added value of tertiary sector output is very high (customers dont have skill)

Question 4

quaternary sector

Answer 4

business activity that involves the** creation or sharing of knowledge and information**

exp: Information and communications technology (ICT) and Research and development (R&D)
added value is** extremely high**