Unit One - Business in Society
- Created by: he.atherf
- Created on: 13-12-17 20:00
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- Business in Society
- Sectors of Industry
- Primary
- Extract raw materials from the ground
- Agriculture, fishing, oil, gas extraction, brewing
- Secondary
- Manufacture goods from raw materials into a tangible product
- Ship-building, breweries, builders, bakers
- Tertiary
- Provide a service through people trained to offer it
- Fitness instructors, hotels, hairdressers
- Quaternary
- Provide knowledge-based service concerned with research and development
- ICT, computing, education, scientific research, financial services
- Primary
- Wealth Creation
- Benefits
- Creates jobs which reduces the un-employment rate
- Employed people have access to training and can learn new skills
- Higher demand for goods and services as more people have disposible income
- Costs
- Can have a large impact on the environment
- Too much demand for goods and services can cause inflation
- Benefits
- Sectors of Industry
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