Module 1, Chapter 1 - Sectors Of Activity

Question 1

Define the primary sector and give examples of what activities are included.

Answer 1

The primary sector extracts and harvests raw material.

Examples include farming, fishing, mining, and forestry.

Question 2

Define the secondary sector and include examples of the activities involved.

Answer 2

The secondary sector manufactures goods from raw materials.

Examples include making plastics from oil and building/constructing and assembling products such as houses and roads.

Question 3

Define the tertiary sector and include examples of the activities involved.

Answer 3

The tertiary sector provides services.

Examples include banks and other financial institutions, retail and sales businesses, transport and distribution, restaurants, leisure, and tourism.

Question 4

Define the quaternary sector and include examples of the activities involved.

Answer 4

Also known as ‘the knowledge economy’, organisations in the quaternary sector are involved in intellectual services linked to technological innovation..

Examples include scientific research and information technology.

Question 5

Define the quinary sector and include examples of the activities involved.

Answer 5

Organisations in the quinary sector are the highest-level decision-makers in an economy or society.

Examples include top executives and officials in government, universities, not-for-profit organisations, media, police, and fire services.