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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.