Economic Sectors and Geography

Flashcards covering key concepts related to economic sectors, services, employment, and geographical factors.

Economic Sectors

Divisions of the economy that categorize activities based on their nature, such as primary, secondary, and tertiary sectors.

Primary Economic Sector

Involves the extraction and production of raw materials, such as agriculture, mining, and forestry.

Economic Sectors

Divisions of the economy that categorize activities based on their nature, such as primary, secondary, and tertiary sectors.

Primary Economic Sector

Involves the extraction and production of raw materials, such as agriculture, mining, and forestry.

Secondary Economic Sector

Involves the manufacturing and processing of goods from raw materials, like construction and industry.

Tertiary Economic Sector

Involves the provision of services rather than goods, including healthcare, education, finance, and hospitality.

Needs

Basic requirements essential for human survival and well-being, such as food, shelter, and clothing.

Employment Classification

The categorization of jobs into sectors based on their activities: primary, secondary, and tertiary sectors.

Intangible services

Services that do not produce physical goods but still add value, such as healthcare or education.

Hard Locational Factors

Measurable factors influencing business location decisions, like raw material availability and transportation network.

Soft Locational Factors

Qualitative factors that are not easily measurable but influence business decisions, such as cultural settings and social climate.

Advanced Economy

An economy characterized by a high level of industrialization and high standards of living, typically seen in developed countries like Germany.