Sectors Of Production

Question 1

Secondary Sector

Answer 1

Second part of the production process. It is concerned with the manufacture of products. It takes a higher level of education and skilled workforce.

Question 2

Tertiary Sector

Answer 2

The part of the economy concerned with the service sector. It includes banking, retail, finance, insurance, hospitality and education.

Question 3

Quarternary Sector

Answer 3

The part of the economy concerned with the intellectual services. It is the use of modern technology in research and development to train, provide information and strategic business analysts, research from universities.

Question 4

Primary Sector

Answer 4

First part of the production process. It deals with agriculture, fishing, forestry and the extraction industries such as mining.