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Primary, Secondary & Tertiary

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There are main types of in which firms operate. These form a chain of production which provides customers with finished goods or services.

Primary production: this involves acquiring raw materials. For example, metals and coal have to be mined, oil drilled from the ground, rubber tapped from trees, foodstuffs farmed and fish trawled. This is sometimes known as extractive production.

Secondary production: this is the manufacturing and assembly process. It involves converting raw materials into components, for example, making plastics from oil. It also involves assembling the product, eg building houses, bridges and roads.

Tertiary production: this refers to the commercial services that support the production and distribution process, eg insurance, transport, advertising, warehousing and other services such as teaching and health care.

The chain of production shows interdependence : firms rely on other businesses in different sectors for raw materials, components or distribution.

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BBC Bitesize - GCSE Business - What is a business? - Revision 3

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There are main types of in which firms operate. These form a chain of production which provides customers with finished goods or services. Primary production: this involves acquiring raw materials. For example, metals and coal have to be mined, oil drilled from the ground, rubber tapped from trees, foodstuffs farmed and fish trawled.

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Primary, Secondary & Tertiary

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Industry is classified into different sectors - secondary, tertiary and quaternary. The employment structure of a country shows how the labour force is divided into the different sectors.

Secondary industry

Secondary industries are those that take the raw materials produced by the primary sector and process them into manufactured goods and products.

Examples of secondary industries include heavy manufacturing, light manufacturing, food processing, oil refining and energy production.

Tertiary and quaternary industry

The tertiary sector is also called the service sector and involves the selling of services and skills. They can also involve selling goods and products from primary and secondary industries. Examples of tertiary employment include the health service, transportation, education, entertainment, tourism, finance, sales and retail.

The biggest area of expansion in the tertiary sector in the UK has been in financial and business services. According to government statistics, 25 years ago one in ten people worked in this industry, now it is 1 in 5.

The quaternary sector consists of those industries providing information services, such as computing, ICT (information and communication technologies), consultancy (offering advice to businesses) and R&D (research, particularly in scientific fields).

The quaternary sector is sometimes included with the tertiary sector, as they are both service sectors. The tertiary and quaternary sectors make up the largest part of the UK economy, employing 76 per cent of the workforce.

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Industry is classified into different sectors - secondary, tertiary and quaternary. The employment structure of a country shows how the labour force is divided into the different sectors. Secondary industries are those that take the raw materials produced by the primary sector and process them into manufactured goods and products.

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Worksheet 02A - The 4 sectors of Industry

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Worksheet 02A - The 4 sectors of Industry

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This is a PowerPoint explaining the 4 sectors of Industry

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Secondary, Tertiary & Quaternary

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Industry is classified into different sectors - secondary, tertiary and quaternary. The employment structure of a country shows how the labour force is divided into the different sectors.

Secondary industry

Secondary industries are those that take the raw materials produced by the primary sector and process them into manufactured goods and products.

Examples of secondary industries include heavy manufacturing, light manufacturing, food processing, oil refining and energy production.

Tertiary and quaternary industry

The tertiary sector is also called the service sector and involves the selling of services and skills. They can also involve selling goods and products from primary and secondary industries. Examples of tertiary employment include the health service, transportation, education, entertainment, tourism, finance, sales and retail.

The biggest area of expansion in the tertiary sector in the UK has been in financial and business services. According to government statistics, 25 years ago one in ten people worked in this industry, now it is 1 in 5.

The quaternary sector consists of those industries providing information services, such as computing, ICT (information and communication technologies), consultancy (offering advice to businesses) and R&D (research, particularly in scientific fields).

The quaternary sector is sometimes included with the tertiary sector, as they are both service sectors. The tertiary and quaternary sectors make up the largest part of the UK economy, employing 76 per cent of the workforce.

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Industry is classified into different sectors - secondary, tertiary and quaternary. The employment structure of a country shows how the labour force is divided into the different sectors. Secondary industries are those that take the raw materials produced by the primary sector and process them into manufactured goods and products.

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This PowerPoint explains consumer decisions and their effect on different aspects of life, society and the environment.

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Factors that influence or effectconsumer behaviour.    

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Factors that influence or effectconsumer behaviour.    

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See relevant content for Theconsumerfactor.com

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This Powerpoint explains what "TRADE-OFF" means.

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http://www.businessdictionary.com/definition/business.html

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http://www.investopedia.com/terms/n/not-for-profit.asp