Sectors

Question 1

Primary sector

Answer 1

Forms the base for all other products produced in the other sectors however counts for only 1% of the UK economy

Question 2

Examples of primary sector

Answer 2

Agriculture
Fishing
Forestry

Question 3

Secondary sector

Answer 3

Involves converting raw materials into finishing goods

Accounts for approximately 19% of the economy

Question 4

Examples of secondary sector

Answer 4

Manufacturing/construction

Assembly plants

Question 5

Tertiary sector

Answer 5

Provision of services

Question 6

Examples of the tertiary sector

Answer 6

Provision of services
Financial services
Leisure services
Transport

Question 7

Stakeholder

Answer 7

Any individual or organisations who have a vested interest in the activities and decision making of a business

Question 8

Public sector

Answer 8

The part of an economy they id controlled by the state (owned by government) ie the NHS

Question 9

Private sector

Answer 9

The part of the national economy that is not under direct state control (owned by individuals)

Question 10

Third sector

Answer 10

Voluntary and community group charities

Value driven not motivated by profit