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6. tertiary sector
- Pays for the production of the goods
- provides services to the other sectors of industry E.G. transport, retail, banking, catering, hairdressing and insurance.
- is concerned with transforming the raw materials into a final product. E.G. factories assembly, manufacturing and construction.
- is concerned with the extraction of primary/raw materials from their original source E.G. fishing, mining and farming
7. Primary sector
- Pays for everything in a business
- is concerned with the extraction of primary/raw materials from their original source E.G. fishing, mining and farming
- y provides services to the other sectors of industry E.G. transport, retail, banking, catering, hairdressing and insurance.
- is concerned with transforming the raw materials into a final product. E.G. factories assembly, manufacturing and construction.
8. A want
- something too expensive
- a good or service which people would like to have but which is not essential for living. People's wants are unlimited. E.G. TV, Phone, Computer
- Waste of money
- a good or service essential for living. E.G. Food, Water, Shelter and Clothing.