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9 Cards in this Set
- Front
- Back
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Sectors of industry |
Primary secondary tertiary |
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Primary |
Concerned with useing natural resources such as farming fishing forestry mining -growing products from the earth |
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Secondary |
Concerned with makeing of products kelloggs will purchase crops from farmers to manufacture breakfast cereal |
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Tertiary |
Do not produce a product concerned with providing services like banking hairdressers fitness centres and entertainment |
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Sectors of the economy |
Private sector Public sector Third sector |
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Private sector |
Owned and controlled by private individuals survive and make a profit - sole trader partnership private limited company and public |
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Public sector |
National government - local government-Owned and controlled by the government aim to provide taxes - health education housing and social work |
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Third sector |
Charities ,social enterprises ,volantary organisations,help a cause or provide a service to a member |
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Feature and objective |
an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers |
