1.1.4 Economic Sectors

Cards (44)

  • What are economic sectors used to group industries based on?
    Main economic activity
  • Match each economic sector with its main activities:
    Primary ↔️ Extraction of raw materials
    Secondary ↔️ Converts raw materials into goods
    Tertiary ↔️ Provides services to consumers
    Quaternary ↔️ Knowledge-based innovation
  • The primary sector deals with the extraction and production of raw materials
  • The tertiary sector provides services to consumers and businesses
  • Understanding economic sectors helps analyze wealth creation and economic growth.

    True
  • The secondary sector converts raw materials into finished goods
  • Why is it important to understand the structure of an economy in terms of economic sectors?
    To analyze wealth creation
  • The primary sector deals with the extraction and production of raw materials
  • What is the main activity of the secondary sector?
    Converting raw materials
  • What is a key example of an activity in the quaternary sector?
    Research and development
  • How do the economic sectors create wealth and economic growth?
    By transforming raw materials
  • Tourism is an example of an activity in the tertiary sector.
    True
  • Which sector enhances productivity across all other sectors through innovation?
    Quaternary
  • Interconnected economic sectors mean a disruption in one sector can affect the entire economy.

    True
  • Match the economic sector with its main activity and an example:
    Primary ↔️ Extracting raw materials (Agriculture)
    Secondary ↔️ Converting raw materials (Manufacturing)
    Tertiary ↔️ Providing services (Education)
    Quaternary ↔️ Knowledge-based services (IT)
  • Manufacturing is an example of an activity in the secondary
  • The primary sector extracts and produces raw materials
  • Match the economic sector with its main activity:
    Primary ↔️ Extracts raw materials
    Secondary ↔️ Converts raw materials
    Tertiary ↔️ Provides services
    Quaternary ↔️ Involves innovation
  • The primary sector provides raw materials to the secondary sector.

    True
  • Understanding sector interactions is crucial for effective policymaking.

    True
  • Economic sectors help us understand the structure of an economy and how different activities contribute to wealth creation.

    True
  • The four main economic sectors are primary, secondary, tertiary, and quaternary
  • Which economic sector includes research and development activities?
    Quaternary
  • What is the main activity of the secondary sector?
    Converting raw materials
  • Which sector involves activities like technology consulting and information technology?
    Quaternary
  • What are examples of activities in the primary sector?
    Agriculture, fishing, mining
  • The quaternary sector focuses on knowledge-based services and innovation.

    True
  • How many main economic sectors are there?
    Four
  • Agriculture is an example of an activity in the primary sector.
    True
  • Match the economic sector with its main activity:
    Primary ↔️ Extracting raw materials
    Secondary ↔️ Converting raw materials
    Tertiary ↔️ Providing services
    Quaternary ↔️ Involving knowledge-based services
  • Retail is an example of an activity in the tertiary
  • The primary sector extracts and produces raw materials
  • What is the focus of the quaternary sector?
    Knowledge-based services
  • The primary sector provides raw materials to the secondary
  • Order the flow of materials and products between economic sectors:
    1️⃣ Primary sector provides raw materials
    2️⃣ Secondary sector converts raw materials
    3️⃣ Tertiary sector provides services
    4️⃣ Quaternary sector enhances efficiency
  • Economic sectors are broad categories that group industries based on their main economic activity
  • What is the primary focus of the secondary sector?
    Converting raw materials
  • Healthcare is an example of a tertiary sector activity.

    True
  • Which sector creates wealth by providing essential services?
    Tertiary
  • Economic sectors create wealth and drive economic growth.
    True