chapter2 Flashcards
1
Q
primary sector
A
firms whose business activity involves the extraction of natural resources
2
Q
secondary sector
A
firms that process manufacture goods from natural resources
3
Q
tertiary sector
A
firms that supply a service to consumers and other businesses
4
Q
mixed economy
A
an economy where the resources are owned and controlled by both the private and public sectors
5
Q
private sector
A
the part of the economy that is owned and controlled by individuals and companies for profit
6
Q
public sector
A
the part of the economy that is controlled by the state of government
7
Q
primary sector examples
A
fishing
mining
farming
forestry
8
Q
tertiary sector
A
restaurant
cinema airlines
shops
banks
9
Q
secondary sector
A
refining
car factory
construction
