Economic Sector

A person, business, region, or country focuses on producing a limited range (small number) of goods and services

• Target Market

• Specialisation

• Opportunity Cost

• Added Value

The value added to a product makes it unique, and different from the competition.

• Quality and Efficiency

• Marketing

• Convenience

• Design

Different areas of the economy based on types of activities and services these sectors provide.

How many main types of economic sector?

• 2

• 4

• 3

• 1

Agriculture is an example of what sector?

• Secondary

• Primary

• Tertiary

• Quaternary

Primary sector involves ____________ and __________ of natural resources.

Knowledge-based activities is in what sector?

• Quaternary

• Qyenary

• Secondary

• Tertiary

Tertiary sector is also known as _______ sector

This sector is focusing on manufacturing and processing activities.

• Primary

• Secondary

• Tertiary

• Quaternary

This sector involves high-level decision-making.