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6 Cards in this Set

  • Front
  • Back
Consumer goods
the physical and tangible goods sold to the general public. They include cars and washing machines, which are referred to as durable goods. Non-durable consumer odds include food, drinks and sweets that can be used once
Consumer service
non-tangible products that are sold to the general public and include hotel accommodation, insurance services and train journeys
Capital goods
physical goods that are used by industry to aid in the production of other goods and services such as machines and commercial vehicles
Primary sector business activity
firms engaged in farming, fishing, oil extraction and all other industries that extract natural resources so that they can be used and processed by other firms
Secondary sector business activity
firms that manufacture and process products from natural resources, including computers, brewing, baking, clothing and construction
Tertiary sector business activity
firms that provide services to consumers and other businesses, such as retailing, transport, insurance, banking, hotels, tourism and telecommunications