Classification of Businesses- Key Words and Definitions

  • Created by: bobochen
  • Created on: 10-09-17 14:08
Primary Sector
Businesses that extract and use natural resources to produce raw materials.
1 of 8
Secondary Sector
Businesses that manufacture goods using raw materials from the primary sector.
2 of 8
Tertiary Sector
Businesses that provide services to customers or firms.
3 of 8
Deindustrialisation
The decline in importance of the secondary manufacturing industry.
4 of 8
Private Sector
Businesses owned by people, not the government or state.
5 of 8
Public Sector
Businesses owned by the government or state.
6 of 8
Mixed economy
The economy is comprised of both private sector and public sector businesses.
7 of 8
Privatisation
The sale of public sector businesses to private sector businesses.
8 of 8

Other cards in this set

Card 2

Front

Businesses that manufacture goods using raw materials from the primary sector.

Back

Secondary Sector

Card 3

Front

Businesses that provide services to customers or firms.

Back

Preview of the back of card 3

Card 4

Front

The decline in importance of the secondary manufacturing industry.

Back

Preview of the back of card 4

Card 5

Front

Businesses owned by people, not the government or state.

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Classification of Businesses resources »