2️⃣ Flashcards
1
Q
what are the primary, secondary, tertiary sectors? think of examples
A
1 - extract natural resources
2 - manufacture/construction
3 - services
2
Q
changes in sector importance
A
industrialisation - secondary ⬆️ primary ⬇️
de-industrialisation - tertiary ⬆️ secondary ⬇️
3
Q
why do sectors change in importance?
A
higher income
better edu
more leisure time
tech advanced
4
Q
private sector owned by?
A
individuals/biz entities
5
Q
public sector owned by?
A
gov bodies/state
6
Q
objective of private sector?
A
PROFITT
7
Q
objective of public sector?
A
provide goods and services with a shared benefit
8
Q
which sector is more stable
A
public sector, low risk of termination
9
Q
which sector gives higher salary and promotion?
A
private
