7.2 Flashcards
(6 cards)
primary sector
industries that extract natural resources from the ground/environment (fishing, hunting, farming, logging, mining)
secondary sector
industries that process the raw materials extracted from the environment by primary sectors, transforming them into usable products (manufacturing)
tertiary sector
industries that provide services to businesses and consumers, including all the different types of work necessary to transport and deliver goods (cashiers)
quaternary sector
the portion of the economy dedicated to intellectual and informational services (research and development) (cs development, biomed research, lawyers and teachers)
quinary sector
the portion of the economy where the highest-level management decisions are made in the areas of business, government, education, and science (CEOs)