Changing Importance of Economic Sectors

Which of the following best describes the primary sector of the economy?

• • Manufacturing goods and providing services

• • Extracting natural resources from the environment

• • Providing financial and legal services

• • Distributing finished goods to consumers

The secondary sector of the economy includes:

• • Farming and fishing

• • Retail stores and financial institutions

• • Construction and manufacturing

• • Education and healthcare

What is the main role of the tertiary sector in the economy?

• • Providing raw materials for other industries

• • Processing and manufacturing goods

• • Offering services to individuals and businesses

• • Conducting research and development

Which of the following is a key reason for the declining importance of the primary sector in many developed economies?

• • A growing need for natural resources

• • Increasing demand for technology and services

• • Automation in the manufacturing sector

• • Population growth in urban areas

The process of an economy moving from the primary to the secondary and tertiary sectors is called:

• • Deindustrialisation

• • Economic transition

• • Sectoral shift

• • Industrialisation

Why has the tertiary sector grown in importance in many developed countries?

• • Increased consumer demand for manufactured goods

• • Growth in the population of rural areas

• • Increased demand for healthcare, education, and technology services

• • Decline in natural resources available for extraction

Which of the following is most likely to cause growth in the secondary sector of an economy?

• • Advances in automation and machinery

• • A significant rise in agricultural productivity

• • A government policy focusing on environmental conservation

• • Increased demand for imported goods

Deindustrialisation refers to:

• • A rise in the primary sector's contribution to GDP

• • The decline of manufacturing industries

• • Growth in the services sector

• • The increase in the extraction of natural resources

Which of the following countries is most likely to have a large primary sector?

• • A highly developed country with advanced technology

• • A country that is highly industrialised

• • A country that relies on agriculture and natural resource extraction

• • A country that has recently experienced rapid economic growth

In a developing economy, which of the following sectors is likely to dominate employment?

• • Primary sector

• • Secondary sector

• • Tertiary sector

• • Quaternary sector