Economic Sectors and Production Chain

The video provides an overview of the three main sectors of the economy: primary, secondary, and tertiary. The primary sector involves the extraction of raw materials, the secondary sector focuses on manufacturing and assembling these materials into finished products, and the tertiary sector provides services and sells goods to consumers. The video also briefly mentions a fourth sector, which is not covered. The sectors form a chain of production, illustrating how raw materials are transformed into consumer goods.

What is the main purpose of dividing the economy into different sectors?

• To limit international trade

• To reduce taxes

• To provide goods or services

• To increase government control

Which sector is primarily involved in extracting natural resources?

• Primary sector

• Secondary sector

• Tertiary sector

• Quaternary sector

In which type of economies is the primary sector more dominant?

• Developed economies

• Developing economies

• Digital economies

• Service-based economies

What is the main activity of the secondary sector?

• Research and development

• Manufacturing and assembling

• Extracting raw materials

• Providing services

Which of the following is an example of a product from the secondary sector?

• Raw timber

• Steel

• Fishing

• Advertising services

What is the primary focus of the tertiary sector?

• Conducting research

• Extracting raw materials

• Providing services

• Manufacturing goods

Which sector is also known as the service sector?

• Primary sector

• Secondary sector

• Tertiary sector

• Quaternary sector

What is an example of a service provided by the tertiary sector?

• Steel production

• Coal mining

• Timber extraction

• Hairdressing

What is the chain of production?

• A sequence of sectors providing finished goods or services

• A strategy for international trade

• A process of reducing costs

• A method of increasing taxes

In the chain of production, what happens to wood after it is chopped down?

• It is converted into steel

• It is used for mining

• It is manufactured into furniture

• It is sold as raw timber