Primary, Secondary and Tertiary Sector Flashcards

1
Q

What 3 stages are the ones that business classify as

A

Businesses can be classified into three sectors:
Primary sector: this involves the use/extraction of natural resources. Examples include agricultural activities, mining, fishing, wood-cutting, oil drilling etc.

Secondary sector: this involves the manufacture of goods using the resources from the primary sector. Examples include auto-mobile manufacturing, steel industries, cloth production etc.

Tertiary sector: this consists of all the services provided in an economy. This includes hotels, travel agencies, hair salons, banks etc.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Up until the 18th century which stage of production was the largest

A

Primary because agriculture was a very big thing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

After the 18th century which stage of production was the largest

A

Secondary because, it was the start of the industrial revolution.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Nowadays, which stage of production is the largest

A

Tertiary because, consumers have higher incomes and are now in want to more services like travel.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly