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9. ECONOMY SECTORS.
The economic activities can be divided into three sectors:
Primary: is the sector of the economy making direct use of natural resources (raw
materials) This include agriculture, livestock, forestry, fishing and mining.
Secondary: involves the transformation of raw materials and intermediate materials
into goods. This sector include industry and construction.
Tertiary: involves providing services to bussinesses and consumers.
In late 20th century, scholars have included another sector, Quaternary. This sector include
advance tertiary sectors such as computing, ICT (information and communication technology),
consultancy, scientific research, etc.
ACTIVITIES.
1. Match the concepts with the right definition: Price, consumer, supply, globalisation, demand,
profit, budget, incomes, investment, tax, unemployment, unemployment benefit, trade union,
relocation, multinational, tariff, trade.
Goods and services that are available for sale
Amount of money a person or institution has to
cover their expenses
Cost of a product or service
Money a person or company receives from
economic activities such as work
Situation of people of working age who do not
have a job but would like to have one.
Person who uses goods or services
Money that is used by a person or business with
the expectation of later receiving a profit.
Goods and services that consumers want to buy
Money paid to the government by people and
companies which is used to finance public
expenses
Difference between what it costs to make
something or provide a service and what is sold
for
Company or organisation that operates in several
countries.
Organisation that defends workers's rights
Activities related to buying and selling goods
and services.
Money that unemployed people receive from the
government
A process of integration that affects economic,
political and cultural systems accross
geographical boundaries
Tax on a product imported from another country.