Types of Business Activity

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  • Created by: _ralfss
  • Created on: 20-06-15 16:31
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  • Types of Business Activity
    • Primary Sector
      • First stage of production.
      • Produces goods using natural resources.
      • eg. fishing, mining, quarrying and farming.
      • Reason for Change.
        • Materials have been used up.
        • Use of machinery replaces jobs.
    • Secondary Sector
      • Uses resources from primary sector to manufacture goods.
      • eg. car and furniture manufacturers.
      • Reasons for change
        • Use of machinery replaces jobs.
        • Foreign competition produces goods.
    • Tertiary Sector.
      • Provides goods and services to customers.
      • eg. retailing, banking, travel and hotels.
      • Third stage of production.
      • Reasons for change.
        • Rise in population.
        • Population enjoys leisure time.

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