lesson 2 stuff to remember

Question 1

Industrialisation

Answer 1

the growing importance of the secondary sector business activity and the reduced importance of primary sector business activity

Question 2

de-industrialisation

Answer 2

the growing importance of the tertiary sector and the reduced importance of the secondary sector

Question 3

mixed economy

Answer 3

an economy where the resources are owned and controlled bye both the private and public sectors

Question 4

private sector

Answer 4

the part of the economy that is owned and controlled by individuals and companies for profit

Question 5

public sector

Answer 5

the part of the economy that is controlled by the state or government