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Business Studies
Game Code: 576306
English
11
Public
1.2 Classification of Businesses
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The Primary Sector
It extracts and uses the natural resources of Earth to produce raw materials used by other businesses
15
The secondary sector
It manufactures goods using the raw materials provided by the primary sector.
15
The tertiary sector
It provides services to consumer and the other sectors of industry
15
De-industrialisation
It occurs when there is a decline in the important of the secondary, manufacturing sector of industry in a country.
15
A mixed economy
It has both a private sector and a public (state) sector
15
Capital
The money invested into a business by the owners
15
Fishing, farming, extracting raw materials
Primary Sector
15
Processing manufacturing
Secondary Sector
15
Retailing, banking
Tertiary Sector
15
Businesses owned by private individuals
Private Sector
15
Businesses owned by government or state agencies
Public Sector
15
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