Section 2- Obj 2.3- Main sectors in an economy Flashcards
1
Q
A) Primary production
A
This involves extracting the “gifts” from nature and that includes
Mining, fishing, quarrying, and forestry
It is the extraction of raw materials from the earth
2
Q
B) Secondary production
A
The conversion of raw materials into finished goods.. This consists of: manufacturing and construction. These industries include
Food Processing
Manufacturing industries
Construction
3
Q
C) Tertiary production
A
Tis involves the provision of services whether direct or indirect
Eg. Direct (health care, education, hairdressing, legal services)
Indirect (retailing, wholesaling, banking, insurance and warehousing)