Business Studies- Primary, Secondary and Tertiary Flashcards
1
Q
In the Primary Sector, business activity involves…
A
extracting raw materials from the earth.
2
Q
In the secondary sector business activity involves…
A
converting raw materials into finished or semifinished goods.
3
Q
The tertiary sector involves…
A
the provision of a wide variety of services such as: transport, household services, leisure services, financial services and commercial services.
4
Q
Businesses in each of the three sectors above are likely to be…
A
interdependent.This means that they rely on each other.
5
Q
The number of people employed in each sector does not stay the same. Different sectors growing decline over time. The decline in manufacturing for example is called ….
A
de-industrialisation
