Changing UK economy Flashcards
(107 cards)
Define the primary sector
Extracting raw materials from the natural environment.
Give an example of the primary sector
Mining and farming.
Define the secondary sector
Taking the raw materials produced by the primary sector to process them into goods and products.
Give an example of the secondary sector
Building and factories.
Define the tertiary sector
The selling of services and skills.
Give an example of the tertiary sector
Teacher and shopkeeper.
Define the quaternary sector
Industries providing information services.
Give an example of the quaternary sector
Cancer research.
By how much did the primary sector decline between 1800 and 2006?
73%.
In which year’s data set did the quaternary sector first appear?
2006.
What percent of the 2015 employment structure was made up of the tertiary sector?
78%.
Define the pre-1820 period
Pre-industrial.
Define what is meant by pre-industrial
The time before machines.
What kind of countries live in pre-industrial economies?
LICs.
Define the period from 1820-1970
Industrial.
Define what is meant by industrial
Transforming from agriculture to manufacturing goods.
What kind of countries live in industrial economies?
NEEs.
Define the period from 1972 onwards
Post-industrial.
Define what is meant by post-industrial
When the service sector produces more wealth than manufacturing.
How has the development of information technology (IT) affected the UK economy?
Attracts investment from abroad. Employs 1.3 million people.
How has the growth of service industries and finance affected the UK economy?
Boosted GDP, created 2+ million jobs, and attracted global investment.
How has the growth of research affected the UK economy?
Contributes £3 billion and employs over 60,000 highly skilled workers (boosting economic output).
What kind of countries live in post-industrial economies?
HICs.
Define de-industrialisation
The decline of a country’s traditional manufacturing industry.