The Tertiary Sector (Grade 11 NSC Matric Economics): Flashcards
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Alternative name for tertiary sector
Alternative name for tertiary sector
Services sector
Tertiary sector size in developed countries
Tertiary sector size in developed countries
Largest economic sector
Tertiary sector's focus vs. primary/secondary sectors
Tertiary sector's focus vs. primary/secondary sectors
Provides services rather than physical goods
GDP % from services in developed countries
GDP % from services in developed countries
60-80%
Four tertiary sector categories (financial/business)
Four tertiary sector categories (financial/business)
Finance, insurance, business services, real estate
Tertiary sector employment contribution
Tertiary sector employment contribution
Creates jobs across all skill levels
Tertiary sector skills contribution
Tertiary sector skills contribution
Drives workforce training and development
Apartheid: Black property ownership in urban areas
Apartheid: Black property ownership in urban areas
Restricted; couldn't own commercial property
Apartheid: Bank loans to Black businesses
Apartheid: Bank loans to Black businesses
Typically refused by financial institutions
Black Economic Empowerment Act purpose
Black Economic Empowerment Act purpose
Increase Black participation in tertiary sector