Sectors of Industry Flashcards

1
Q

What is the secondary sector?

A

This consists of businesses that are involved in manufacturing and construction, by taking natural materials and turning them into goods that can be sold later. Examples are car production, house building, etc.

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2
Q

What is the primary sector?

A

This consists of businesses that are involved in exploiting natural resources. Examples including farming, oil drilling and mining.

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3
Q

What is the tertiary sector?

A

This consists of businesses and organisations that are involved in providing services rather than goods. Examples include retail outlets, banks, hotels, hospitals.

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4
Q

What is the quaternary sector?

A

This consists of businesses providing information and knowledge-based services, such as :
- ICT (Information and communication technology)
- Consultancy (offering advice to businesses)
- R&D (research and development)

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