Chapter 2

Question 1

Primary sector

Answer 1

Businesses that extract and use natural resources to produce raw materials

Question 2

Secondary sector

Answer 2

Businesses that manufacture goods using the raw materials provided by the primary sector.

Question 3

Tertiary business

Answer 3

Businesses that provide services to consumers and other firms.

Question 4

Deindustrialisation

Answer 4

Decline in the importance of secondary, manufacturing industry.

Question 5

Mixed economy

Answer 5

This has both private sector businesses and public sector businesses.

Question 6

Private sector

Answer 6

Businesses owned by people, not the government/state.

Question 7

Public sector

Answer 7

Businesses owned by the government/state.

Question 8

Privatisation

Answer 8

The sale of public sector businesses to the private sector.

Question 9

Why the importance of sectors changes?

Answer 9

-Primary sector resources get used up
-Factory costs (usually wages) are too higher
-People spend more on the tertiary sector as they become wealthier