Business IGCSE Definitions to Learn S1Ch02

(a)   occurs when there is a decline in the importance of the secondary, manufacturing sector of industry in a country.

(a)   of the industry provides services to consumers and the other sectors of industry.

(a)   of industry extracts and uses the natural resources of Earth to produce raw materials used by other businesses.

(a)   of industry manufactures goods using the raw materials provided by the primary sector.

Identify two business that operates in the tertiary sector.

Please choose more than one answer.

• Hotel

• Car Manufactor

• Internet provider

• Bakery

Give two possible reasons why your country's government might want to create public sector companies.

• Provide society with the "Essential services."

• To make more money.

• Land, Labor, Capital and Enterprise.

• To provide services that might not be provided profit.

Answer explanation

"Essential services."

1-To develop emerging technologies, for example, renewable energy, that might not be profitable for the private sector;

2- to provide services that might not be provided by the private sector, for example, education, that is beneficial to society.

(a)   occurs when there is an increase in the of the secondary, manufacturing sector of industry in a country.

Identify two industry on the secondary sector.

• Car manufactor

• Fishing industry

• Oil Extraction company

• Toy factory

Identify two industries in the primary sector.

• Car manufactor

• Fishing industry

• Oil Extraction company

• Toy factory

(a)   has both a private sector and a public (state) sector.