Unit 7 Flashcards

1
Q

Industry

A

Any economic activity using machinery on large scale to process raw materials into products

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2
Q

Raw materials

A

Any metal, wood or other plants, animal products, or other substances that are used to make intermediate or finished goods

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3
Q

Industrial revolution

A

The radical change in manufacturing that included increased mechanization that began in Great Britain in the mid 18th century

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4
Q

Cottage industries

A

Pre-industrial form of agriculture in which members of families spread out through rural areas worked in their homes to make goods

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5
Q

Primary sector

A

Economic sector associated with removing and harvesting products form the Earth

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6
Q

Secondary sector

A

Economic sector associated with the production of goods from raw materials. Includes manufacturing, processing, and construction

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7
Q

Tertiary/service sector

A

Economic sector that includes a host of activities including transport, storage, and marketing, and selling goods and services

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8
Q

Quaternary sector

A

Economic sector that is a subset of tertiary sector that requires workers to process and handle information and environmental technology

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9
Q

Quinary sector

A

Economic sector that is a subset of quaternary sector. Involves the top leaders in government, science, universities, nonprofits, healthcare, culture, and media.

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10
Q
A
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