Sectors of the Economy Flashcards

1
Q

What is the primary sector

A

All industries that extract raw materials from the earth and sea

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2
Q

What are the 4 industries involved in the primary sector

A

Fishing
Farming
Forestry
Mining

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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

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4
Q

What are 3 examples of businesses involved in the secondary sector

A

Factories
Refineries
Bakeries

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5
Q

What is the Tertiary sector

A

All businesses that transfer good produced by the primary and secondary industries
Also includes all services

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