Urban Economies Flashcards
What are the Two Different Types of Employment?
Formal and Informal.
What is Formal Employment?
Formal Employment is Officially Recognised. Workers are Protected by the Laws of the Country.
What is Informal Employment?
Informal Employment is Unofficial. Jobs aren’t Taxed or Regulated by the Government.
What are the Four Different Economic Sectors?
- Primary.
- Secondary.
- Tertiary.
- Quaternary.
What does the Primary Sector Involve?
Collecting Raw Materials.
What does the Secondary Sector Involve?
Turning a Product into Another Product (Manufacturing).
What does the Tertiary Sector Involve?
Providing a Service.
The Quaternary Sector is the _______________ Economy.
Information.
Urban Economies Vary by Levels of _________________.
Development.
Formal and Informal Employment in Developing Countries?
Many Workers are Employed in the Informal Sector.
Formal and Informal Employment in Emerging Countries?
Number of Workers in the Informal Sector Decreases as the Country Develops.
Formal and Informal Employment in Developed Countries?
Few Workers in the Informal Sector.
What are Economic Sectors like in Developing Countries?
- Lots of People Work in Low-Skilled Tertiary Sector.
- Few People Work in the Secondary Sector Because there’s not enough Money to Invest in Technology needed.
- A Small Percentage of People Work in High-Skilled Tertiary Jobs.
What are Economic Sectors like in Emerging Countries?
- Employment in the Secondary Sector is High.
- There are Lots of Low-Skilled Tertiary Jobs.
- As the Industrial Economy Grows, People have More Money to Spend on Services.
What are Economic Sectors like in Developed Countries?
- Fewer People Work in the Secondary Sector than in Emerging Countries.
- Most People Work in the Tertiary Sector Because there’s a Skilled and Educated Workforce.
- There’s some Employment in the Quaternary Sector Because the Country has Lots of Highly-Skilled Labour and has Money to Invest in Technology Needed.
