Sectors of the Economy Flashcards
1
Q
What is the primary sector
A
All industries that extract raw materials from the earth and sea
2
Q
What are the 4 industries involved in the primary sector
A
Fishing
Farming
Forestry
Mining
3
Q
What is the secondary sector
A
All industries involved in the manufacturing and processing of raw materials to make other goods, through the use of machinery and technology
4
Q
What are 3 examples of businesses involved in the secondary sector
A
Factories
Refineries
Bakeries
5
Q
What is the Tertiary sector
A
All businesses that transfer good produced by the primary and secondary industries
Also includes all services