Term 1 - Topic 4 UNIT 1 Flashcards

1
Q

Explain the PRIMARY sector

A
  • consists of agriculture / forestry / fishing / mining
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2
Q

South Africa is the biggest producer of …………………………. and the 3rd largest producer of GOLD

A

Platinum

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3
Q

The IMPORTANCE of the PRIMARY sector. It contributes to FOUR variables, namely

(4 points)

A

1) GDP
2) Employment
3) Economic Growth
4) Exports

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4
Q

Explain how the primary sector contributes to the GDP

A

Provides food for the population
Contributes to employment
Produce natural resources to the secondary sector
There is always a link between the primary/secondary/tertiary sectors

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5
Q

About ………% of the workforce in South Africa is employed by the primary sector

A

15%

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6
Q

What does the SECONDARY sector consists of?

A

manufacturing industry, electricity, gas

(raw materials are use to produce goods)

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7
Q

What does the TERTIARY sector consists of?

A

service industry

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8
Q

What is the MEANING of GDP?

A

Gross domestic product

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9
Q

The IMPORTANCE of the SECONDARY sector.

(5 points)

A

1) GDP (when more products are
manufactured and exported, it has a
positive influence on the GDP)
2) Employment (about 20% of workforce
in SA is employed in the secondary
sector)
3) Economic growth (higher productivity
with better quality labour)
4) Exports (reduced tariffs by some
foreign countries, cause an increase
in exports)
5) Secondary sector contributes to the
GDP

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10
Q

About 65% of the SA workforce is employed in the …………….. sector

A

tertiary

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11
Q

Tertiary sector includes services, like ….

A

transport, communication, banking, media, insurance, etc.

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12
Q

Why is the tertiary sector important in SA?

A
  • GDP
  • Employment
  • Economic growth
  • Exports
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