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social studies
Economic Sectors
which sector of the economy removes or harvest products directly from the earth in order to extract raw materials or food?
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secondary
0%
primary
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tertiary
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linear
3 types of tertiary jobs
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banker,teachers,doctor
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doctor,teacher,steel making
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fishing,hunting,astronaut
agriculture would be an example of
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secondary sector
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tertiary sector
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primary sector
Which has the highest employment %
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secondary sector
0%
primary sector
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tertiary sector
What are the 4 factors of production?
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land,milk,ocean,forest
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Forest,Ocean,Land,Capital
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Capital,Enterprise,Land,Labor
Insurance is an example of
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primary sector
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agriculture
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tertiary sector
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quaternary sector
What is a capital?
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the city
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All man made things that help produce goods
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The human element in the production process.
How many economic sectors are there?
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1
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2
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3
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4
This image represents which economic sector?
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Tertiary Sector
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Secondary Sector
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Primary Sector
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Quaternary Sector
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Primary Sector
0%
Tertiary Sector
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Secondary Sector
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Quaternary Sector
This image represents which economic sector?
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Primary Sector
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Quinary Sector
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Secondary Sector
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Tertiary Sector
This is NOT part of the primary sector of the economy
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Mining
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Forestry
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Retail
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Fishing
This is NOT part of the tertiary sector
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Transport
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Construction
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Trade
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Education
Milling lumber into plywood is an example of what economic activity?
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Primary
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Secondary
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Tertiary
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Quaternary
Having a limited amount of something is
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demand
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scarcity
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supply
Economics focuses on ___.
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The goods and services we buy and sell
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The goods and services we supply and command
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The products and places we want and buy
The BIGGEST problem nowadays for some countries is _______
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Overpopulation
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Economic Freedom
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Political Corruption
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The Judiciary System
SOMEONE that buys or uses goods & services is called a____.
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consumer
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producer
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want
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need
Inflation is best defined as?
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A model of an economy that shows the movement of resources and money between groups and sectors in the economy
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A consistent increase in prices of goods and services in the economy
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The hidden cost of making a decision
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Goods and services produced within our economy for sale in other countries
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