Sectors of Industry Flashcards
1
Q
what are the four sectors of industry
A
primary
secondary
tertiary
quaternary
2
Q
what is the primary sector
A
business involved in extracting natural resources from the earth
(farming, coal, mining, fishing etc)
3
Q
what is the secondary sector
A
business involved in manufacturing products & construction
(house construction, car manufacturing, food production etc)
4
Q
what is the tertiary sector
A
business involved in providing a service
(shops, banks, gyms, airline operators etc)
5
Q
what is the quaternary sector
A
business involved in information services
(ICT, consultancy, R&D etc)
firms offering this service are highly valuable especially if information gives competitive advantage
