sectors Flashcards
primary
extraction of raw materials and natural resources from the earth.
(minging, fishing, culture, deforestation)
secondary
processing and manufacturing raw materials into finished production
(Factories, manufacturing, construction)
tertiary
service sector that focuses on moving, selling and trading products in primary and secondary sectors.
(retail, marketing design, restaurants)
quanternary
knowledge-based sector, focusing on research and info creation and transfer
(Investment banking, real estate, college professors, education software developers)
quinary
highest level of decision making, includes top officials in government and business.
(congress, CEO’s, choice would impact a lot)