Economic Sectors In Terms Of Primary, Secondary And Tertiary Sectors:
Overview
A cocoa farmer in Ghana, a chocolate factory in Switzerland and the corner shop that sells you the finished bar are all part of the same story, yet each belongs to a different part of the economy. Sorting businesses into primary, secondary and tertiary sectors is the first big idea in Business Studies: it explains how raw materials become products and then reach you.
In this lesson you will learn how to classify any business with confidence, and then go a step further: you will explain why the balance between the three sectors shifts as a country develops, and why a tertiary sector that was tiny fifty years ago can now employ most of the workforce. By the end you can read a country's economy from its sector mix.
Objectives
- Basis of business classification, using examples to illustrate the classification
- Reasons for the changing importance of business classification, e.g. in developed and developing economies
Lesson Note
Available on the Green Bridge App
Download the Green Bridge CBT app on your phone or computer to access full lesson notes, practice questions, and more.
Lesson Evaluation
Congratulations on completing the lesson on Economic Sectors In Terms Of Primary, Secondary And Tertiary Sectors:. Now that youve explored the key concepts and ideas, its time to put your knowledge to the test. This section offers a variety of practice questions designed to reinforce your understanding and help you gauge your grasp of the material.
You will encounter a mix of question types, including multiple-choice questions, short answer questions, and essay questions. Each question is thoughtfully crafted to assess different aspects of your knowledge and critical thinking skills.
Use this evaluation section as an opportunity to reinforce your understanding of the topic and to identify any areas where you may need additional study. Don't be discouraged by any challenges you encounter; instead, view them as opportunities for growth and improvement.
- Which business is in the primary sector? A. a car factory B. a tin mine C. a hairdresser D. a supermarket Answer: B
- A business that refines crude oil into petrol is in the: A. primary sector B. secondary sector C. tertiary sector D. public sector Answer: B
- As an economy becomes more developed, the sector that usually grows in importance is the: A. primary sector B. secondary sector C. tertiary sector D. agricultural sector Answer: C
- The decline in the relative importance of manufacturing in a country is called: A. industrialisation B. globalisation C. de-industrialisation D. privatisation Answer: C
- Which activity is in the tertiary sector? A. growing wheat B. baking bread C. delivering parcels D. mining copper Answer: C
Available on the Green Bridge App
Download the Green Bridge CBT app on your phone or computer to access full lesson notes, practice questions, and more.
Available on the Green Bridge App
Download the Green Bridge CBT app on your phone or computer to access full lesson notes, practice questions, and more.
Recommended Books
Practice Mock Questions
Want to practice mock questions on Economic Sectors In Terms Of Primary, Secondary And Tertiary Sectors:? Download the Green Bridge CBT app to access mock questions and full practice assessments for this topic.
Download The App On Google Playstore
Everything you need to excel in JAMB, WAEC & NECO
