Flashcards: Understanding Economic Sectors and Innovation — 9 cartões

Economic sectors — classification?

Primary, secondary, tertiary, quaternary.

Primary sector — definition?

Provides natural resources for the economy.

Primary sector resources — examples?

Natural resources like minerals, crops, fish, and timber.

Secondary sector — role?

Transforms raw materials into manufactured goods.

Tertiary sector — function?

Provides services to individuals and businesses.

Quaternary sector — focus?

Innovation, knowledge, and future technologies.

Natural resources — examples?

Oil, minerals, forests, water, agricultural produce.

Activities in primary sector?

Agriculture, fishing, forestry, mining.

Difference: Secondary vs Tertiary?

Manufacturing vs services; tangible goods vs intangible services.