Sectors Flashcards
What is the primary sector?
Extracting of raw materials
What are examples of primary sector businesses?
Farming
Mining
Extracting oil
What is the secondary sector?
where the raw materials are manufactured into products that match the customers requirements
what are examples of products made in the secondary sector?
Clothes
Shoes
Cars
What has happened to the Uk secondary sector/ manufacturing productivity over the last 40 years?
Newer machines make it quicker and more efficient to make products with less operating staff
What is the tertiary sector?
The jobs/ businesses that sell a product, or provide a service
What are examples of businesses working in the tertiary sector?
Hairdressers
Teachers
Stockbrokers
Shops
What % of people work in the tertiary sector?
80%
What does ‘polarised’ mean?
When top end jobs, like bankers and politicians rely on smaller industries like cleaners and caterers
What is the public sector?
Organisations the government provide for the publics benefit
What is the private sector?
Any other employee that is not employed by the government
What is informal employment?
Employment that’s semi-legal e.g.- helping out a friend (won’t be paying tax)
