*1 - Economic Structure Flashcards
economic activities involving the processing of commodities (raw materials)
production activities
economic activities involving the transport (i.e. changing the location of products) + trade (i.e. changing the ownership of products) of products
Distribution activities
economic activities involving the final and direct use of products (i.e. the purchase and use of goods/services by consumers)
consumption activities
economic activities undertaken with formal systems of regulation or remuneration
formal sector
economic activities undertaken without any formal systems of regulation or remuneration (i.e. undeclared income from legal/illegal activities)
informal sector
economic activities involving the extraction or harvesting natural resources
primary activities
economic activities involving the processing and transforming of raw materials (using inputs from primary activities) and the fabricating and assembling of manufactured goods (using inputs from secondary activities)
secondary activities
economic activities involving the sale and exchange of goods and services
tertiary activities
economic activities involving the creation, processing and transmitting of knowledge and information
quaternary activities
economic activities involving administration and management
quinary activities
changes in the economic structure of a place resulting from economic and technological changes
economic restructuring
the loss of comparative advantage in industrial manufacturing
deindustrialization
Name the employment sector!
primary
extractive
Name the employment sector!
secondary
manufacturing
Name the employment sector!
tertiary
service
Name the employment sector!
quaternary
information
Name the employment sector!
quinary
managerial
Name the employment sector!
informal *
unconventional
Economic Structure: name the economic activity and employment sector associated with this description of occupation:
extracting and harvesting natural resources (e.g. hunting,
trapping, fishing, mining, logging, farming)
primary - extractive
Economic Structure: name the economic activity and employment sector associated with this description of occupation:
processing, transforming, fabricating, or assembling raw
materials into (semi)finished products (e.g.
manufacturing, high-tech, construction, public utilities)
secondary - manufacturing
Economic Structure: name the economic activity and employment sector associated with this description of occupation:
sale and exchange of goods and services (e.g. retail and
wholesale trade, transportation and communication,
business and personal services, FIRE, health, education)
tertiary - service
Economic Structure: name the economic activity and employment sector associated with this description of occupation:
creating, processing, and transmitting knowledge and
information (e.g. R&D, media, health)
quaternary - information
Economic Structure: name the economic activity and employment sector associated with this description of occupation:
administration and management (e.g. executives and
planners)
quinary - managerial
Economic Structure: name the economic activity and employment sector associated with this description of occupation:
casual/seasonal work and undeclared income sources (not 1/5)
information - unconventional employment
