CTEC Business: Sectors of the Economy

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Primary Sector
Provide raw materials, natural resources, and other industries with raw materials.
1 of 6
Secondary Sector
Supply components to other businesses, turn outputs into inputs, and provide goods for businesses.
2 of 6
Tertiary Sector
The provider provides consumer and business services, as well as supporting other businesses.
3 of 6
Interrelationship between Sectors
- Primary supplies raw materials to the secondary sectors.
- Secondary Sector turns this into a finished good that it supplies to the tertiary sector.
- Tertiary Sector sells this on.
4 of 6
Effects on Local Economy
- Job Losses (especially for the elderly)
- Poor Morale
- Loss of Skills
5 of 6
Effects on Whole Economy
- No Longer a 'Whole Economy'
- Not as competitive as a nation
- Greater support needed to protect UK Business (subsidies)
6 of 6

Other cards in this set

Card 2

Front

Supply components to other businesses, turn outputs into inputs, and provide goods for businesses.

Back

Secondary Sector

Card 3

Front

The provider provides consumer and business services, as well as supporting other businesses.

Back

Preview of the back of card 3

Card 4

Front

- Primary supplies raw materials to the secondary sectors.
- Secondary Sector turns this into a finished good that it supplies to the tertiary sector.
- Tertiary Sector sells this on.

Back

Preview of the back of card 4

Card 5

Front

- Job Losses (especially for the elderly)
- Poor Morale
- Loss of Skills

Back

Preview of the back of card 5
View more cards

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