Chapter 18: industries and sectors in the economy Flashcards
name the three categories of industry and give examples
primary - farmer
secondary - builder
tertiary - banker
challenges facing ireland in the tertiary sector
access to tech
brexit
rents
wage demands
define primary sector
the primary sector is a category of industry based on the natural resources of a country such as agriculture, forestry, fishing, mining and energy
define secondary sector
the secondary sector includes manufacturing, agribusiness, and construction businesses that manufacture products produced from the primary sector.
it takes raw materials, processes them and produces finished goods.
explain service industry
tertiary industries are the service industries and businesses providing a service of one kind or another to the other industries. they may not actually produce or make a product but they provide an important service by bridging the gap between producers and the final consumer