Econ paper 1

Cards (5)

  • Which sector are buildings a product of?
    secondary
  • Which sector is oil a part of?
    primary
  • What is meant by money as a medium of exchange?
    Anything that sets the standard of value of goods and services acceptable to all parties involved in a transaction.
  • What does the tertiary sector consist of?
    provision of a service
  • What does the secondary sector consist of?
    processing, manufacturing, constructing