F2 - SEM2 - What is industry? - 1.1 Flashcards

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1
Q

What are the four types of industry? Give an example for each type.

1.1 What is industry?

A
  • Primary industry
  • Secondary industry
  • Tertiary industry
  • Quaternary industry

1.1 What is industry?

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2
Q

What is primary industry?
Gives an example of primary industry.

1.1 What is industry?

A
  • Extract and obtain natural resources
  • e.g. farming and mining

1.1 What is industry?

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3
Q

What is secondary industry?
Gives an example of secondary industry.

1.1 What is industry?

A
  • Manufacturing industry - Turn raw materials into semi-finished / finished products
  • e.g. garment, iron and steel, and car-making

1.1 What is industry?

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4
Q

What is tertiary industry?
Gives an example of tertiary industry.

1.1 What is industry?

A
  • Provide services for customers or other industries
  • e.g. retail and banking

1.1 What is industry?

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5
Q

What is quaternary industry?
Gives an example of quaternary industry.

1.1 What is industry?

A
  • Research and development (R&D) and information services
  • e.g. software development, media, and the information technology (IT) industry

1.1 What is industry?

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6
Q

What is Industry?

1.1 What is industry?

A

refer to a wide range of economic activities including:-
* obtaining natural resources
* producing goods
* developing information technology

1.1 What is industry?

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7
Q

Explain how primary industry and secondary industry are closely linked and give an example

1.1 What is industry?

A
  • 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?

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8
Q

Explain how secondary industry and tertiary industry are closely linked and give an example

1.1 What is industry?

A
  • 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?

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9
Q

Explain how tertiary industry and quaternary industry are closely linked and give an example

1.1 What is industry?

A

1.1 What is industry?

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10
Q

Explain how quaternary industry and primary industry are closely linked and give an example

1.1 What is industry?

A
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