Miss Hanson

• CH2. what 4 sectors are within the economic sector?

  Primary sector

  secondary sector

  tertiary sector

  quaternary sector
• CH2. What is meant by the primary sector in the economic sector?

  It involves taking raw materials. for example, farming, fishing, mining
• CH2. What is meant by the secondary sector within the economic sector?

  Making and distributing finished goods by adding value to raw materials. For example, cadbury, construction, rolls Royce
• CH2. What is meant by the tertiary structure within the economic sector?

  it is concerned with the intangible aspect of offering a service. for example, retail, leisure centers, transport
• CH2. What is meant by the quaternary sector within the economic sector?

  It is a knowledge based sector typically including information services. for example, research and development, info technology.
• CH2. What is meant by a public sector writhing private and public sector organizations?

  Organisations which are funded by the government or companies owned by the government. For example, NHS, armed forces, network rail.
• CH2. What is meant the by private sector within private and public sector organizations?

  Companies ran by private individuals, whose aim is to make a profit. For example, PLC, LTD, partnership, sole trader.
• CH2. What are the 4 legal structures within the private sector?

  Sole trader,

  partnership,

  PLC

  LTD
• CH2. What is meant by a third sector organization?

  An organization motivated by the desire to achieve social goals rather than the desire to maximize profit. Profit is reinvested. For example, charities.