Economic Sectors

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  • Created by: sian
  • Created on: 30-03-14 21:18
Primary Sector
The extraction of raw materials - Reduction in the amount of jobs in this sector-less dominant industry. Raw materials abroad are cheaper
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Secondary Sector
Manufacture, produce and transform raw materials into goods -Decreased dominance as technology has advanced -machinery quicker and cheaper
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Tertiary Sector
Provides goods and services to consumers - Rapid growth as more available jobs - varies dependent on whether it is an MEDC/LEDC/NIC
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Chain of production
a process of creating a product through stages that add value to it
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Adding value
enhancing a product at different stages of chain of production, creating extra benefit or value to customer - difference between raw material costs and the selling price
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Business interdependence
The reliance of businesses on each other within the same or different economic sectors
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Other cards in this set

Card 2

Front

Manufacture, produce and transform raw materials into goods -Decreased dominance as technology has advanced -machinery quicker and cheaper

Back

Secondary Sector

Card 3

Front

Provides goods and services to consumers - Rapid growth as more available jobs - varies dependent on whether it is an MEDC/LEDC/NIC

Back

Preview of the back of card 3

Card 4

Front

a process of creating a product through stages that add value to it

Back

Preview of the back of card 4

Card 5

Front

enhancing a product at different stages of chain of production, creating extra benefit or value to customer - difference between raw material costs and the selling price

Back

Preview of the back of card 5
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