5 economic sectors Flashcards
(5 cards)
1
Q
primary
A
production of raw materials
e.g. mining, fishing
2
Q
secondary
A
manufacturing stage. construction and factories.
the addition of ingredients/products and shipment.
3
Q
tertiary
A
process of products being sold in stores.
e.g. retail, supermarkets
4
Q
quaternary
A
economic activity that is associated with either the intellectual or knowledge-based economy.
e.g. teachers, scientists, researchers
5
Q
quinary
A
decision makers
(e.g. CEOs and government institutions)
