(Classification of business) unit 2 Flashcards
1
Q
What are the 3 sectors of a business?
A
> primary sector
secondary sector
tertiary sector
2
Q
What is the primary sector?
A
It extracts and uses the natural resources of the earth to produce raw materials used by other businesses
3
Q
What is the secondary sector?
A
It manufactures goods using the raw materials provided by the primary sector
4
Q
What is the tertiary sector?
A
It provides services to consumers and the other sectors of the industry
