Classifications of businesses Flashcards
1
Q
Primary sector
A
Production involving extraction of raw material from the earth
2
Q
Secondary sector
A
Production involving conversion of raw materials into semi finished or finished goods
3
Q
Assembly plant
A
Factory where parts are put together to make a finished product
4
Q
Tertiary sector
A
Production of services in the economy
5
Q
De industrialisation
A
Decline in manufacturing
