Sectors of industry and economy

Question 1

What is the primary sector?

Answer 1

Businesses involved in taking natural resources from the land, e.g. coal mining

Question 2

What is the Secondary Sector?

Answer 2

A business using resources to make or build their products, e.g. construction firms

Question 3

What is the Tertiary/Service sector?

Answer 3

All the firms which provide services rather then goods, e.g. Hairdressing

Question 4

What is the Quaternary sector?

Answer 4

The support sector, organisations which provide information, e.g. IT consultants, research and development.

Question 5

What is the Private sector?

Answer 5

Owned and controlled by private individuals and investors

Question 6

What is the Public sector?

Answer 6

Owned and controlled by the tax payers and controlled by the government

Question 7

What is the Third sector?

Answer 7

Owned and controlled by members or sponsors and are controlled by a committee of members