Classification of economic activities Flashcards
1
Q
What are the types of industries
A
Primary, Secondary, Tertiary and Quarternary
2
Q
What is primary industry
A
It’s an industry that deals with the production of primary goods, like minerals or agricultural products that’s harvested in its raw state
3
Q
What is secondary industry
A
It’s an industry that deals with manufactoring the primary products.
4
Q
What is tertiary industry
A
They provide a service (education, health, entertainment)
5
Q
What is quarternary industry
A
They provide information and expertise.
6
Q
What is employment structure?
A
The proportion of people working in the primary, secondary and tertiary sector.
