Sectors of Industry Flashcards
What are the 4 sectors of industry?
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
Describe the primary sector
This consists of businesses that are involved in exploiting natural resources e.g. farming, mining and oil drilling.
Describe the secondary sector
This consists of businesses that are involved in manufacturing and construction, by taking natural resources and turning them into goods that can be sold later e.g. electronic manufacture, car production and house building.
Describe the tertiary sector
This consists of businesses and organisations that are involved in providing services rather than goods e.g. retail outlets, banks, hotels and hospitals.
Describe the quaternary sector
This consists of businesses providing information and knowledge-based services e.g. ICT, consultancy and R&D.