Relationship Between the Three Sectors (Grade 11 NSC Matric Business Studies): Flashcards
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Interrelated sectors meaning
Interrelated sectors meaning
Sectors relate or connect to one another
Interdependent sectors meaning
Interdependent sectors meaning
Sectors depend on each other to operate successfully
What three sectors create together
What three sectors create together
Economic chain of production
Forwards link definition
Forwards link definition
Flow of materials/products from one sector to next in chain
Backwards link definition
Backwards link definition
Sectors depend on each other for support services & supplies
Primary sector role
Primary sector role
Extracts raw materials and natural resources
Secondary sector role
Secondary sector role
Transforms raw materials into finished products
Tertiary sector role
Tertiary sector role
Sells products and provides supporting services
Timber industry forwards link flow
Timber industry forwards link flow
Trees harvested → processed into furniture/paper → sold retail
Within-sector interdependence example (primary)
Within-sector interdependence example (primary)
Cattle farmer depends on lucerne farmer for livestock feed