NEW
Font size
WorksheetsThe factors of production and the sectors of economy
Total questions: 35
Worksheet time: 35mins
The sectors are classified into public and private sector on the basis of:
(a) Employment conditions
(b) The nature of economic activities
(c) Number of workers employed
(d) Ownership of enterprises
When we produce a good by exploiting natural resources, it is an activity of the:
(a) Secondary sector
(b) Tertiary sector
(c) Primary sector
(d) Organised sector
The service sector includes activities such as:
(a) agriculture, dairy, fishing and forestry
(b) making sugar, gur and bricks
(c) transport, communication and banking
(d) None of these
Which of the following is included in tertiary sector?
(a) ATM booths
(b) Call centres
(c) Internet cafe
(d) All of them
Government owns most of the assets and provides all the services:
(a) Private Sector
(b) Public Sector
(c) Organised Sector
(d) Tertiary Sector
The value of all final goods and services produced within a country during a particular year is called as:
(a) Gross Domestic Product
(b) Net Domestic Product
(c) National Product
(d) Production of Tertiary Sector
which sector of the economy removes or harvest products directly from the earth in order to extract raw materials or food?
secondary
primary
tertiary
linear
3 types of tertiary jobs
banker,teachers,doctor
doctor,teacher,steel making
fishing,hunting,astronaut
agriculture would be an example of
secondary sector
tertiary sector
primary sector
Carpenter
Primary (Extraction)
Secondary (Production)
Tertiary (Services)
What are the 4 factors of production?
land,milk,ocean,forest
Forest,Ocean,Land,Capital
Capital,Enterprise,Land,Labor
Insurance is an example of
primary sector
agriculture
tertiary sector
quaternary sector
Which sector has the highest employment % in a more economically developed country (MEDC)?
secondary sector
primary sector
tertiary sector
What is a capital?
the city
All man made things that help produce goods
The human element in the production process.
How many economic sectors are there?
0
4
3
This image represents which economic sector?
Tertiary Sector
Secondary Sector
Primary Sector
Quaternary Sector
This image represents which economic sector?
Primary Sector
Quinary Sector
Secondary Sector
Tertiary Sector
Give a description of the Private Sector.
Owned by the government on behalf of the taxpayer.
Owned by private individuals who aim to make a profit.
Owned and regulated by the government and aim to raise funds and awareness
Owned by a sole trader
Match the factor to the example - employees
land
labour
capital
enterprise
Match the factor to the example - stapler
land
labour
capital
enterprise
Match the factor to the example - mining
land
labour
capital
enterprise
What sector does Starbucks operate in?
Private
Public
Third
AN ENTREPRENEUR IS A PERSON WHO _______________.
owns their own business
uses goods and services to produce labor, land, and capital.
use land, labor, and capital to produce good and services.
loves nature and runs a business
The greater the country’s level of economic development, the —
higher the quality of life
higher the agricultural labor force
lower the cost of living
lower the urban population
Countries with high levels of literacy and higher education are in which level of economic development?
More Developed
Newly Industrialized
Less Developed
Countries with strong infrastructure [transportation/ communication/ healthcare/ education systems] would be which level of economic development?
More Developed
Newly Industrialized
Less Developed
Country with very low literacy rate, low life expectancy, high unemployment.
Developed
Developing
Least Developed
Three indicators of development of a country
GDP per capita, literacy rate and life expectancy.
Richness, industrial production and business
Multinationals and industry
Technology, trade and research
A developing country is one that is considered ______________.
wealthy
full of natural resources
very poor
to have a high GDP
Roads, airports, hopitals and schools are examples of ______________________.
literacy rates
GDP
natural resources
infrastructure
