Describe what is meant by the primary, secondary and tertiary classification of business activities. Give Examples of Each.

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arsalan

P2- Assessment practice

(P) 1

A). Describe what is meant by the primary, secondary and tertiary classification of business activities:  

Primary sector:

Definition:

The Primary Sector involves the extraction of raw materials, such as coal, wood and steel. A coal minor and a fisherman would be workers in the primary sector because a coal miner takes coal from the ground, and the fisherman would takes out the fishes from the sea.

Secondary sector:

Definition:

The Secondary Sector involves the transformation of raw materials into goods e.g. manufacturing steel into cars. A builder and a dressmaker would be workers in the secondary sector because they produce the goods to be sold by the tertiary sector.

Tertiary Sector:

Definition:

The Tertiary Sector involves the provision of services to consumers and business, such as cinema and banking. A shopkeeper and an accountant would be workers in their tertiary sector because they are either selling a good or a service.

B). In which classification would you place the coal industry:

The coal industry goes into the primary business because it is mined from the ground and it is natural resources.

c). suggest two or three local and national examples for each sector:

The primary sector is declining because there are less primary businesses  and less resources then back in the days, for example fossil fuels and oil that cannot be renewable. Because of the primary sector is declining because lack of raw materials (e.g. coal and oil that cannot be renewable) Businesses are not interested in sectors that do not make profit therefore farms have been converted to holidays home. The secondary sector uses the raw materials so if the primary sector is declining then the secondary sector is too. Machinery has taken over workers in primary and secondary sectors due to being more efficient and accurate in work. The tertiary sector involves proving services such as trade, tourism, education and banking. The tertiary sector is the sector that is growing more, it is because in the others two sectors (primary and secondary) the technology is the mostly used now.  They are using machines to do the work that human used to do by hands. This sector is growing because the countries have become more developed and employ large numbers of UK workers.

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(M) 2

A). has the employment in the industry increased or decreased since 1950?

The employment in the industry has decreased since 1920 because they have machines to do the work, which used to get work done by the employees.  

B). How has demand for the coal changed since 1950? Suggest two reasons                                                                                   ...

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