3-Primary, secondary, tertiary and quaternary sectors Flashcards
What are the four sectors
primary
secondary
tertiary
quaternary
Define the primary sector
The part of the economy engaged in extraction, harvesting or production of raw materials
Example farming fishing forestry quarrying 
Define the secondary sector
The part of the economy that is engaged in the production of finished goods
Example manufacturing sector of the economy
Define the tertiary sector
all the services using manufactured products
Example: banking, insurance, transportation, retail and wholesale and consultancy
Defined the quaternary sector
The quaternary sector consists of those industries providing information services, such as computing, ICT, consultancy and research, particularly in scientific fields
Example e-services media and web based services
Which sector do businesses in the developed world engage in
The quaternary sector
what is the chain of production
all four sectors are linked together
The steps through different sectors that have to occur in order to turn raw materials into a consumer goods that is marketed
What sector is raw materials are extracted
Primary sector
What sector is processed or manufactured goods or turned into materials
Secondary sector
what sector is the Goods shipped and sold to the customers
Tertiary sector