Economic Activity

Question 1

What is secondary

Answer 1

Industries that process and manufacture products from raw materials

Question 2

What is primary

Answer 2

The
Primary sector extract materials directly from the earth or sea.

Question 3

What is tertiary

Answer 3

Industries that provide a service

Question 4

What is quaternary?

Answer 4

The industry based on human knowledge which involves technology, information, financial planning, research, and development.

Question 5

Three example of primary

Answer 5

Farmers,Fisherman,oil rig workers

Question 6

Three example secondary

Answer 6

Butcher, carpenter , Machinist, factory workers, Civil engineer,

Question 7

Three example of tertiary

Answer 7

Actor,Movie star, teacher,football,shop assistant ,emergency services ,nurse

Question 8

Three example of quaternary

Answer 8

computing, consultancy, project management, education and research and development.

Question 9

What is the Industrial Revolution

Answer 9

The Industrial Revolution was a period of major changes in the way products are made

Question 10

Agriculture

Answer 10

Farming -the growing of crops and rearing of animals

Question 11

Mechanisation

Answer 11

The introduction of machines (this often means less people are needed to do a job than before)

Question 12

Colony

Answer 12

A country ruled by another (e.g. Nigeria was once a British colony )

Question 13

Manufacturing

Answer 13

The making of things on a big scale, using machinery (in a factory)

Question 14

Offshoring

Answer 14

When a company moves some of its work overseas (Usually its factories)

Question 15

Disposable income

Answer 15

When someone has extra money to spend as they wish (after they have paid for essentials)

Question 16

Services

Answer 16

Supplying a public need- such as transport,water,education,healthcare

Question 17

Telecommutins

Answer 17

Working from home (or anywhere) as you are connected by internet

Question 18

What is rebranding and regeneration?

Answer 18

Rebranding is when a place is re-developed to gain a new identity.
Regeneration is a long-term redevelopment with improvement to physical and economic environment

Question 19

What is the term for an economy where waste minimised and products are reused?

Answer 19

Circular economy

Question 20

What does the Clark fisher model show?? (Its purpose)

Answer 20

The Clark Fisher model shows how a country changes its focus

Question 21

What are the three phases of the Clark fisher model??

Answer 21

1.The
pre-industrial, 2.The industrial phase, 3.The
post-industrial

Question 22

What is the spiral of decline?? And what effect does it have on the economy and environment of a city?

Answer 22

1)The spiral of decline describes when unemployment leads to de-population (people start to move out of an area) because of a lack of jobs. 2) This leaves buildings and houses derelict. With a lack of jobs

Question 23

2 examples of regeneration and rebranding strategies?

Answer 23

Regeneration- construction of infrastructure, development of new housing, refurbishing the existing buildings, encouraging investment or any other activity that would improve an area.

Rebranding- It is a market strategy of giving a new name, symbol, or change in design for an already-established brand

Question 24

What is primary product dependency?

Answer 24

an economic situation in which a country heavily relies on the export of primary products or commodities, such as agricultural goods, minerals, or raw materials

Question 25

Can you explain how being primary product dependent causes countries to be poor?

Answer 25

These cause issues for a number of reasons. Natural disasters can wipe out production of the primary product and so means that farmers are left with no income. They are often ​non-renewable​, which means the country will suffer when they run out of the product.

Question 26

Can you explain reasons for the growth of the Green Economy?

Answer 26

creating new markets and job opportunities in renewable energy (for example Power Plant Operator
Solar Panel Installer Wind farm site, Solar project developer.) sustainable agriculture, and green technology sectors

Question 27

Can you evaluate the impact of our consumption on people and the environment? (I don’t understand this question myself guys)

Answer 27

Overconsumption worsens climate breakdown and increases air pollution

Question 28

what is the positive multiplier effect

Answer 28

the effect on national income (and product of an exogenous income increase in demand)