Section 2: Classification of Businesses

Question 1

Primary Sector

Answer 1

firms whose business activity involves the extraction of natural reasources.

Question 2

Secondary Sector

Answer 2

firms that process and manufacture goods from natural reasources.

Question 3

Tertiary Sector

Answer 3

firms that supply a service to consumers and other buisnesses.

Question 4

Chain of Production

Answer 4

The production and supply of goods to the final consumer involves activites from primary, secondary and tertiary sevtor businesses.

Question 5

Mixed Economy

Answer 5

An economy where reasourse are owned and controlled by both private and public sectors.

Question 6

Private Sectors

Answer 6

The part of that economy that is owned and controlled by individuals and companies profits.

Question 7

Public Sector

Answer 7

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

Question 8

Industrialisations

Answer 8

The growing of the secondary sector business activity and the reduced of the primary sector.

Question 9

De industrialisations

Answer 9

The growing importance of the teritary sector and the reduced of the secondary sector.

Question 10

Developed economies

Answer 10

From manufactoring to tertiary sectors.

Question 11

Trend

Answer 11

Movement from the primary sector to secondary sector