What is an economy?

Cards (7)

  • What is an economy?
    the range of human activities concerned with the production distribution and consumption of goods and services
  • What is the primary sector?
    The primary sector refers to the sector of the economy that involves the extraction and production of raw materials, such as agriculture, mining, and fishing.
  • What is the secondary sector?
    The secondary sector refers to the part of the economy that involves the processing and manufacturing of raw materials into finished goods.
  • What is the tertiary sector?
    The tertiary sector refers to the sector of the economy that provides services to individuals and businesses.
  • What is the quaternary sector?
    Knowledge-based sector that includes intellectual activities such as research, development, and information technology.
  • What are some jobs examples of the secondary sector?
    Manufacturing, construction, and utilities,factory work,
  • What are some job examples of tertiary sector?
    Banking, education, healthcare, tourism, retail, transportation,hairdresser,police,fireman,bin man.