sectors Flashcards

1
Q

primary

A

extraction of raw materials and natural resources from the earth.
(minging, fishing, culture, deforestation)

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2
Q

secondary

A

processing and manufacturing raw materials into finished production
(Factories, manufacturing, construction)

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3
Q

tertiary

A

service sector that focuses on moving, selling and trading products in primary and secondary sectors.
(retail, marketing design, restaurants)

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4
Q

quanternary

A

knowledge-based sector, focusing on research and info creation and transfer
(Investment banking, real estate, college professors, education software developers)

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5
Q

quinary

A

highest level of decision making, includes top officials in government and business.
(congress, CEO’s, choice would impact a lot)

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