Nigeria - Economic Development

Name the relative proportion of the workforce employed in different sectors of the economy (primary, secondary, tertiary and quaternary).

• Industrial Structure

• Primary industry

• A Newly Emerging Economy (NEE)

What is a country whose economy is growing rapidly because of the economic developments and reforms they are putting into place called?

• A Transnational Corporation (TNC)

• A Newly Emerging Economy (NEE)

• Manufacturing industry

What is the term for when economic growth is sustainable, and the economy is growing across different sectors?

• A Newly Emerging Economy (NEE)

• Primary Industry

• A balanced economy

What is the grouping of the different types of jobs into sectors – primary, secondary, tertiary and quaternary called?

• Sectors of the economy

• Economic development

• Manufacturing industry

This is the process by which a nation improves the economic well-being of its people as measured by Gross Domestic Product (GDP).

• A Transnational Corporation (TNC)

• Economic development

• Manufacturing industry

This is a is a large company that operates in several countries.

• Industrial development

• Industrial Structure

• A Transnational Corporation (TNC)

This is the start of new industries or forms of employment in new places or the redevelopment of an old industrial location.

• Manufacturing industry

• Industrial development

• Primary Industry

This is industry and trade based on the making, processing, or preparation of products from raw materials.

• A Transnational Corporation (TNC)

• Manufacturing industry

• A Newly Emerging Economy (NEE)

The part of the economy that produces taking raw materials; examples include agriculture, fishing, mining, and forestry.

• Primary Industry

• Manufacturing industry

• A balanced economy

This part of the economy provides goods and services to people and businesses. Including banking, education, health, leisure and hospitality. Serving

• Sectors of the economy

• A balanced economy

• Tertiary Industry