Chapter 2: Types of Business Activity Flashcards
(9 cards)
1
Q
Levels of Business Activity
A
• Primary Sector
• Secondary Sector
• Tertiary Sector
2
Q
Primary Sector [Basic Production]
A
• Agriculture
• Mining
• Forestry
• Fishery
3
Q
Secondary Sector [Production of Goods]
A
• Construction Craft
4
Q
Tertiary Sector [Services]
A
• Trade
• Banks
• Education
5
Q
De-industrialisation
A
The decline in the manufacturing or secondary sector of industry (Developed Countries)
6
Q
Industrialisation
A
The increase in the manufacturing or secondary sector of industry (Developing Countries)
7
Q
Sectors of Industry
A
• Public Sector
• Private Sector
8
Q
Public Sector
A
Businesses that are owned by government
9
Q
Private Sector
A
Businesses that are owned by private individuals
