Types of Economic Activity Flashcards
(13 cards)
What is meant by the term industry?
Industry refers to the work that people do in order to provide themselves with the things they need in life.
What is meant by the term economic activity?
Economic activity refers to the jobs people do in order to make money.
What are the 4 types of economic activity?
Primary, Secondary, Tertiary and Quartenary
What is the primary industry?
The primary industry involves jobs that collect raw materials/natural resources from the land or sea.
What are 3 examples of jobs in the primary sector?
Fisher
Farmer
Forestry
Mining
What is the secondary industry?
The secondary industry involves jobs that take the raw materials and manufacture them into something else.
What are 3 examples of jobs in the secondary sector?
Factory worker
Car manufacturer
House building
Steel making
What is the tertiary industry?
The tertiary industry involves jobs that provide services to other people.
What are 3 examples of jobs in the tertiary sector?
Nurse
Doctor
Shop worker
Teacher
What is the quartenary industry?
The quartenary industry involves jobs that provide high-tech services that does a lot of research and provides information and advice.
What are 3 examples of jobs in the quartenary sector?
Research scientists
Financial advisors
Web developers
App developers
What is employment structure?
Employment structure is the proportion of people working in the primary, secondary and tertiary industries.
During the Industrial Revolution, (1910), what was the leading industry?
Secondary industry, because of the rapid development of machinery.
