Business Sectors (Grade 11 NSC Matric Business Studies): Flashcards
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Business sectors
Business sectors
Groups of businesses classified by what they produce/offer
3 main business sectors
3 main business sectors
Primary, secondary, tertiary
Primary sector function
Primary sector function
Extracts, collects, grows raw materials from nature
Primary sector examples
Primary sector examples
Agriculture, fishing, forestry, mining
Secondary sector function
Secondary sector function
Transforms raw materials into finished/semi-finished products
Secondary sector examples
Secondary sector examples
Manufacturing, construction, factories, electricity generation
Tertiary sector other name
Tertiary sector other name
Services sector
Tertiary sector focus
Tertiary sector focus
Provides services, not physical products
Tertiary sector examples
Tertiary sector examples
Finance, hospitality, retail, wholesalers, tourism, transport
How 3 sectors interconnect
How 3 sectors interconnect
Primary provides, secondary transforms, tertiary distributes