Business IGCSE Definitions to Learn S1Ch02

________ occurs when there is a decline in the importance of the secondary, manufacturing sector of industry in a country.

__________ of the industry provides services to consumers and the other sectors of industry.

____________ of industry extracts and uses the natural resources of Earth to produce raw materials used by other businesses.

_____________ of industry manufactures goods using the raw materials provided by the primary sector.

Identify two business that operates in the tertiary sector.

Please choose more than one answer.

• Hotel

• Car Manufactor

• Internet provider

• Bakery

Give two possible reasons why your country's government might want to create public sector companies.

• Provide society with the "Essential services."

• To make more money.

• Land, Labor, Capital and Enterprise.

• To provide services that might not be provided profit.

Answer explanation

"Essential services."

1-To develop emerging technologies, for example, renewable energy, that might not be profitable for the private sector;

2- to provide services that might not be provided by the private sector, for example, education, that is beneficial to society.

__________ occurs when there is an increase in the of the secondary, manufacturing sector of industry in a country.

Identify two industry on the secondary sector.

• Car manufactor

• Fishing industry

• Oil Extraction company

• Toy factory

Identify two industries in the primary sector.

• Car manufactor

• Fishing industry

• Oil Extraction company

• Toy factory

__________ has both a private sector and a public (state) sector.