Section 2- Obj 2.3- Main sectors in an economy Flashcards

1
Q

A) Primary production

A

This involves extracting the “gifts” from nature and that includes
Mining, fishing, quarrying, and forestry
It is the extraction of raw materials from the earth

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2
Q

B) Secondary production

A

The conversion of raw materials into finished goods.. This consists of: manufacturing and construction. These industries include
Food Processing
Manufacturing industries
Construction

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3
Q

C) Tertiary production

A

Tis involves the provision of services whether direct or indirect
Eg. Direct (health care, education, hairdressing, legal services)
Indirect (retailing, wholesaling, banking, insurance and warehousing)

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