Stages of Production Flashcards
What is the definition of production?
The process of taking raw materials and transforming them into useful goods and services.
What can you also call the raw materials used in the production process?
They are also known as resources or factors of production.
For the primary stage of production what resources are taken from the Earth?
Natural resources.
What businesses is the primary sector made up of?
It is made up of businesses invloved in the forst stage of production.
What are the businesses called that extract things from the ground?
Extractive industries.
What kinds of things does the primary sector include?
Mining, fishing, forestry and farming.
What does the secondary sector turn the natural resources that were extracted from the primary stage into?
The secondary stage turns the natural resources into finished goods.
What does the secondary stage use to manufacture the natural resources into finished goods?
Flour mills, factories, sawmills and car manufacturing plants.
What does the tertiary stage provide?
They provide services rather than make goods.
Who does the tertiary stage offer services to?
Manufacturers and customers.
Give examples of businesses that the tertiary sector includes.
Shops, transport companies, doctors and banks.
