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3 main industries
primary, secondary, tertiary
| Question | Answer |
|---|---|
| what does the primary sector do? | produces raw materials |
| how do you get raw materials? | extract from ground, grown, collected |
| what does the secondary sector do? | manufactures goods |
| capital goods... | are used to help make other goods or provide services |
| examples of capital goods? | welding equipment, delivery vans |
| consumer goods... | go straight to the final consumer. |
| what are two types of consumer goods? | consumables - used up when consumed consumer durables - last a long time |
| examples of the two types of consumer goods? | consumables - pencils, food consumer durables - TVs, freezers |
| what does the tertiary sector do? | provide services |
| what are some examples of services provided for businesses? | distribution of goods, warehousing, advertising |
| what are some examples of services provided for consumers? | hairdressing, restaurant meals |
| who uses financial services? | consumers and businesses |
| what are some examples of financial services? | banking, insurance |