Classification of Businesses

The primary stage of production is concerned with

• providing services to consumers

• transporting goods to final consumers

• growing crops and extracting natural resources

• changing natural resources into finished goods

Which one of the following businesses would be classified as being in the secondary sector?

• fishing business

• tour operating business

• air taxi business

• furniture manufacturer

In a mixed economy, which of the following industries are most likely to be owned and controlled by individuals?

• public transport

• health centres

• hotels and restaurants

• port services

One of the reasons why Maldives has a much higher proportion of its total national output produced by the tertiary sector of industry, compared to Bhutan, is:

• Maldives has bigger reserves of natural resources than Bhutan

• Bhutan's agriculture is very efficient

• Maldives is one of the most popular tourist destinations in the world

• Maldives has a much greater area of its land covered by sea

Which one of the following is an advantage of privatisation?

• jobs might be lost

• consumers will have wide choice of goods and services

• government looses taxes

• there will be no competitions