Classification of Businesses (Edexcel IGCSE Business): Flashcards
Exam code: 4BS1
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What are the three main sectors of industry?
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Cards in this collection (12)
What are the three main sectors of industry?
The primary, secondary and tertiary sectors.
Define the primary sector.
The primary sector is concerned with the extraction of raw materials from land, sea or air.
Define the secondary sector.
The secondary sector is concerned with the processing of raw materials and the manufacture of goods.
Define the tertiary sector.
The tertiary sector is concerned with the provision of services for consumers and businesses.
Give an example of a primary sector industry.
Farming, mining, forestry or fishing.
Give an example of a secondary sector industry.
Oil refining or the manufacture of goods such as vehicles.
retains the highest proportion of employment in the primary sector.
Malawi retains the highest proportion of employment in the primary sector.
True or False?
A business can only ever operate in one sector of industry.
False.
Some businesses operate across more than one sector — e.g. Shell extracts (primary), refines (secondary) and sells (tertiary) fuel.
Define the quaternary sector.
The quaternary sector is a sub-sector of the tertiary sector, providing knowledge-focused services such as IT, consultancy or research.
China has seen a significant in primary sector employment since 1991.
China has seen a significant decrease in primary sector employment since 1991.
True or False?
The most developed economies have a very high proportion of workers in the tertiary sector.
True.
The most developed economies employ a high proportion of their workforce in services.
Why does classifying businesses by sector have limitations?
It aids comparisons but doesn't capture the full complexity — some businesses operate across more than one sector.
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