Economic Activity

Question 1

What happens in the pre-industrial stage, the industrial phase and the post-industrial phase?

Answer 1

Pre - primary sector leads economy
Industrial - secondary and tertiary increase in productivity
Post - tertiary sector most important, quaternary starts to appear

Question 2

What causes the informal sector?

Answer 2

More people moving to urban places than jobs available
Lack of education
Need money

Question 3

What are the characteristics of the informal sector?

Answer 3

Tertiary sector
Associates with shanty towns
No health care / protection
Risks
No minimum age
No minimum wage
No minimum working hours
Black market

Question 4

What are the four economic sectors? Give an example

Answer 4

Primary - raw materials eg fishing
Secondary - assemble raw materials manufacturing
Tertiary - services transport
Quaternary - specialist information research