Economic Activity and Energy Flashcards

1
Q

Primary sector

A

Extraction of raw materials to be supplied to other industries
Examples:
-Fishing
-Farming
-Mining

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2
Q

Secondary sector

A

Where raw materials are assembled to produce finished goods
Examples:
-Manufacturing
-Assembling
-Construction

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3
Q

Tertiary sector

A

Providing goods and services for the public
Examples:
Medicine
Retail
Catering

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4
Q

Quaternary sector

A

Providing specialist information and expertise to above sectors
Examples:
-Research and development
-Artificial Intelligence

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5
Q

Clark-Fisher Model

A

Pre-Industrial Phase:
Primary sector leads economy

Industrial Phase:
Secondary and tertiary sectors increase
Primary sector declines

Post-Industrial Phase:
Tertiary is most important
Primary and secondary decline
Quaternary begins to appear

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6
Q

Factors influencing location of economic activities

A

Raw materials
Employees
Infrastructure
Transport
Cheap land
Customers

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7
Q

Informal sector

A

Unofficial and unregulated
Urban migration leads to underemployment
Need to avoid poverty

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8
Q

Malthus’ view on population growth and resources

A

Population growth proceeded at faster rate than increase in food supply
At a certain point, population growth would stop

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9
Q

Boserup’s view on population growth and resources

A

Increases in population would stimulate improvement in food production and developments in technology would solve problem

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10
Q

Advantages of informal employment

A

Often requires less skills/qualifications (1).
Unlikely to pay tax (1).
Requires little investment to set up informal business (1).
Reducing unemployment (1).

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