economics

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the sector where the extraction of raw materials takes place
primary
1 of 7
the sector where materials are manufactured into goods
secondary
2 of 7
the service sector
tertiary
3 of 7
tangible items
goods
4 of 7
something someone or a business provides for you
service
5 of 7
the next best alternative foregone when making a choice
opportunity cost
6 of 7
an economy in which resources are allocated through the free working of the market (price) mechanism of demand and supply
market
7 of 7

Other cards in this set

Card 2

Front

the sector where materials are manufactured into goods

Back

secondary

Card 3

Front

the service sector

Back

Preview of the front of card 3

Card 4

Front

tangible items

Back

Preview of the front of card 4

Card 5

Front

something someone or a business provides for you

Back

Preview of the front of card 5
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