Business Activities Flashcards
What does business activities refers to?
Business activity refers to the production and distribution of goods and services to satisfy the needs and wants of customers.
What is a primary sector?
The primary sector is concerned with the extraction of natural resources. It includes fishing, farming and mining.
What are natural resources?
Natural resources are gifts from nature and are not made by human beings.
What is the secondary sector?
Secondary sector enterprises are involved in the processing of raw materials into goods.
What is the tertiary sector?
The tertiary sector provides services to consumers and enterprises.
What is the quaternary sector?
The quaternary sector refers to
knowledge-based activities.
What is an economic sector
Economic sector is a type of business activity in a country
