4A.1A

Cards (47)

  • What is the primary sector of the economy?
    The extraction of raw materials
  • What does the secondary sector involve?
    Manufacturing and processing
  • What is the tertiary sector?
    The service sector
  • What does the quaternary sector focus on?
    High tech research and design
  • What is the quinary sector?
    Highest levels of decision-making
  • What does the Clark-Fisher model illustrate?
    Economic development through sector changes
  • What defines full-time employment?
    Works 35-40 hours a week or more
  • What benefits do full-time employees typically receive?
    Paid sick leave, holiday entitlement, pension
  • How many hours does part-time employment usually involve?
    Fewer than 35 hours a week
  • How are part-time employee benefits structured?
    On a pro rata basis
  • What is permanent employment?
    No predetermined end date
  • What typically comes with a permanent contract?
    Pensions, company cars, health insurance
  • What characterizes temporary employment?
    Set end date
  • What is usually excluded from temporary employment benefits?
    Benefit packages
  • What does it mean to be employed?
    Member of staff paid by employer
  • What defines self-employment?
    Responsible for own business
  • What is the current status of the gender pay gap?
    It has been narrowing but still exists
  • What are zero-hours contracts?
    Employed on an 'as needed' basis
  • What is the UK government's stance on zero-hours contracts?
    They pledged to ban exploitative contracts
  • What does the gig economy refer to?
    Short term or temporary contracts
  • How many full-time workers were there in the UK as of October 2024?
    Approximately 25.3 million
  • How many part-time workers were there in the UK in October 2024?
    Just under 8.5 million
  • How many unemployed people were there in the UK in October 2024?
    Almost 1.51 million
  • What is the primary sector of the economy?
    Extraction of raw materials
  • What does the secondary sector involve?
    Manufacturing and processing
  • What is the tertiary sector focused on?
    The service sector
  • What does the quaternary sector represent?
    High tech research and design
  • What is the quinary sector associated with?
    Highest levels of decision-making
  • What does the Clark-Fisher model illustrate?
    Economic development and sectoral changes
  • What defines full-time employment?
    Works 35-40 hours a week or more
  • What benefits do full-time employees typically receive?
    Paid sick leave, holiday entitlement, pension
  • How many hours per week defines part-time employment?
    Fewer than 35 hours a week
  • How are part-time employee benefits structured?
    On a pro rata basis
  • What is permanent employment characterized by?
    No predetermined end date
  • What typically comes with a permanent contract?
    Employee benefits like pensions and health insurance
  • What is temporary employment?
    Employment for a limited period with an end date
  • What is usually not included in temporary employment benefits?
    Benefit packages
  • What does it mean to be employed?
    Member of staff paid by employer
  • What defines self-employment?
    Responsible for own business and income
  • What is the current status of the gender pay gap?
    It has been narrowing but still exists