classification Flashcards
1
Q
Primary sector
A
– extraction of natural resources. Ex. farming, fishing
2
Q
Secondary sector
A
– manufacturing and production of goods. Ex. car manufacturer
3
Q
Tertiary sector
A
– provides services. Ex. hairdressing, banking
4
Q
De-industrialization
A
When there is a decline in the importance of the secondary sector industry in a country
5
Q
Private sector
A
where private individuals own and run business ventures.
- Their aim is to make a profit
6
Q
Public sector
A
where the government owns and runs business ventures.
- Their aim is to provide essential public goods and services (schools, hospitals, police etc.)
