Podcast
Questions and Answers
A company harvests trees from a forest and processes the wood into paper. In which economic sectors does this company operate?
A company harvests trees from a forest and processes the wood into paper. In which economic sectors does this company operate?
- Secondary and Tertiary
- Primary and Secondary (correct)
- Primary and Tertiary
- Tertiary and Quaternary
Which activity best exemplifies a business operating within the tertiary sector of the economy?
Which activity best exemplifies a business operating within the tertiary sector of the economy?
- Assembling smartphones in a factory
- Providing financial consulting services to individuals (correct)
- Extracting iron ore from a mine
- Cultivating crops for sale at a local market
Why is the preservation of natural resources particularly important in the context of the primary sector?
Why is the preservation of natural resources particularly important in the context of the primary sector?
- To promote technological innovation in the quaternary sector
- To reduce manufacturing costs in the secondary sector
- To increase the demand for tertiary sector services
- To ensure a steady supply of raw materials for future economic activity (correct)
A local government is deciding where to allocate funds to promote economic growth. Considering the information, which investment would directly support both environmental preservation and job creation?
A local government is deciding where to allocate funds to promote economic growth. Considering the information, which investment would directly support both environmental preservation and job creation?
How does the secondary sector MOST significantly impact the environment, based on the information?
How does the secondary sector MOST significantly impact the environment, based on the information?
Flashcards
Primary Sector
Primary Sector
Extracts raw materials directly from natural resources.
Secondary Sector
Secondary Sector
Transforms raw materials into finished goods through manufacturing.
Tertiary Sector
Tertiary Sector
Provides services to consumers and businesses.
CSA Sector
CSA Sector
Signup and view all the flashcards
Preservation of Natural Resources
Preservation of Natural Resources
Signup and view all the flashcards
Study Notes
- 2.5 Classification of Business → ECONOMIC SECTORS
Three Economic Sectors
- Primary Sector involves the extraction of raw materials
- E.g. farm worker
- Unskilled labor: cotton picker
- Secondary Sector involves the manufacturing process
- E.g. baker making bread
- Semi-skilled labor: factory worker
- Tertiary Sector involves a product or service being retailed
- E.g. retailer, real estate
- Skilled labor: cashier
Primary Sector
- Different types of natural resources are minerals, fresh water, oak
- CSA sector
- In SA's context natural resources are important in the economy
- It supports tourism, mining, and agriculture -E.g. Table mountain sight seeing
- Increases employment, particularly for people with informal education
- Gives an opportunity to increase exports
- E.g. selling oranges
- GDP increases in foreign currency terms
Preservation of Natural Resources
- Need to conserve natural resources
- Some natural resources, such as minerals, are not renewable
- There is a need to protect, preserve, and have responsibility
- Ways to protect the environment:
- Plant trees
- Do not waste water
- Use renewable energy
Skills
- Unskilled labor doesn't require any formal education
- Primary sector skills require mostly manual labor
- Skills required are construction/furniture makers
Secondary Sector
- Preservation of resources in the secondary sector depends on resources
- Impacts the environment via air, water, and noise pollution
- Skill requirements of the secondary sector is an important source of job creation
- Requires specific training but doesn't require broad base education
- Includes operating machinery
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Explore the primary, secondary, and tertiary economic sectors with relevant examples. Understand the role of natural resources in South Africa's economy, including tourism, mining, and agriculture. Learn about the importance of preserving natural resources.
