UNIT 7: DIFFERENT SECTORS OF THE ECONOMY

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4 Terms

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primary sector

the part of the economy that draws raw materials from the natural environment. It includes jobs in farming, mining, fishing, and forestry.

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secondary sector

The portion of the economy concerned with turning raw materials into more valuable, manufactured items through processing, transforming, and assembling raw materials.

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tertiary sector

The ............................................ of production involves providing services to both consumers and other businesses; activities in this stage include transport, banking, retail,insurance, hotels and hairdressing

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quaternary sector

The ............. is said to be the intellectual aspect of the economy. It includes information services such as computing, ICT (information and communication technologies), consultancy (offering advice to businesses) and R&D (research and development, particularly in scientific fields).