Human Geography - Classification of economic resources

Question 1

What are economic activities?

Answer 1

How people earn a living and how wealth and money are produced both for individuals and countries.

Question 2

Explain industry?

Answer 2

The way in which products and services are created and how the earth’s resources are utilized.

Question 3

Primary sector

Answer 3

• the first stage in the production process1️⃣
• uses raw materials and basic food produce from the earth🌱🐟🪨⛏️

extracting and harvesting products

Question 4

Characteristics of the primary sector

Answer 4

• products have a low economic value (must be processed to increase economic value)
• products are usually the raw materials for secondary econim activities
• must be transported to other places for further processing to increase economic value

Question 5

Secondary sector

Answer 5

• processes and manufactures goods⚒️🧵
• includes activities such as: engineering, ship building, construction, producing textiles etc.

Question 6

Characteristics of the secondary sector

Answer 6

• many of its raw resources are from the primary sector
• products have a higher economic value
• products can be a final product/parts of a final product

Question 7

Tertiary sector

Answer 7

• it focuses on providing services related to businesses
• includes: government, healthcare, catering, transport etc.🏫⚖️🎤🚌

Question 8

Characteristics of the tertiary sector

Answer 8

• people are seen as a resource
• involves making goods available to the final consumer
• (service related activites) have a high economic value

Question 9

Quaternary Sector: the knowledge-based/information part of the economy

Examples of quaternary sector resources

Answer 9

culture, ecommerce (call centres), software and the Internet to transact business, scientific research (genetic engineering), writing/producing fiction films, inventions and design of products etc.

Question 10

Quinary Sector: the highest levels of decision making in a society

Examples of quinary sector resources

Answer 10

the top executives or officials in various fields such as government, universities, science, the aeronautics industry and space research