Lesson 7-Classifications of businesses

Question 1

Define the primary sector

Answer 1

Engages in the extraction of raw materials

Question 2

Define the secondary sector?

Answer 2

Involves the transformation of raw materials obtained from the primary sector to finished or semi finished goods.

Question 3

Define the tertiary sector

Answer 3

The service sector

Question 4

What is the importance of the primary, secondary and tertiary sector?

Answer 4

PS-major food supplier, enables the secondary sector to obtain raw materials
SS-manufacturing sector
TS- needed for economic growth

Question 5

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