F2 - SEM2 - What is industry? - 1.1 Flashcards
What are the four types of industry? Give an example for each type.
1.1 What is industry?
- Primary industry
- Secondary industry
- Tertiary industry
- Quaternary industry
1.1 What is industry?
What is primary industry?
Gives an example of primary industry.
1.1 What is industry?
- Extract and obtain natural resources
- e.g. farming and mining
1.1 What is industry?
What is secondary industry?
Gives an example of secondary industry.
1.1 What is industry?
- Manufacturing industry - Turn raw materials into semi-finished / finished products
- e.g. garment, iron and steel, and car-making
1.1 What is industry?
What is tertiary industry?
Gives an example of tertiary industry.
1.1 What is industry?
- Provide services for customers or other industries
- e.g. retail and banking
1.1 What is industry?
What is quaternary industry?
Gives an example of quaternary industry.
1.1 What is industry?
- Research and development (R&D) and information services
- e.g. software development, media, and the information technology (IT) industry
1.1 What is industry?
What is Industry?
1.1 What is industry?
refer to a wide range of economic activities including:-
* obtaining natural resources
* producing goods
* developing information technology
1.1 What is industry?
Explain how primary industry and secondary industry are closely linked and give an example
1.1 What is industry?
- P provides raw materials to S, S turn raw materials into semi-finished or finished products
- e.g. Farmers grow cotton to provide raw material for making clothes
1.1 What is industry?
Explain how secondary industry and tertiary industry are closely linked and give an example
1.1 What is industry?
- S provides semi-finished or finished products to T, T provides services for customer or other industries
- e.g. Cotton is turned into fabrics in factories and then used to make clothes, Sales people sell clothes to customers
1.1 What is industry?
Explain how tertiary industry and quaternary industry are closely linked and give an example
1.1 What is industry?
1.1 What is industry?
Explain how quaternary industry and primary industry are closely linked and give an example
1.1 What is industry?