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Sectors of The Economy. AS Business Studies. Aims and Objectives. Aim: Understand industrial sectors Objectives: Define industrial sectors Explain the structure of industrial sectors Analyse ease/difficulty of adding value in each sector. Starter.

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Sectors of the economy

Sectors of The Economy

AS Business Studies


Aims and objectives
Aims and Objectives

Aim:

  • Understand industrial sectors

    Objectives:

  • Define industrial sectors

  • Explain the structure of industrial sectors

  • Analyse ease/difficulty of adding value in each sector


Starter
Starter

  • Name the three sectors in which businesses operate?


Primary sector
Primary Sector

The extraction of resources at the first stage of production, involving resources such as land and raw materials. E.g. farming


Secondary sector
Secondary Sector

The transformation of goods and resources to produce finished goods and components. E.g. car manufacture


Tertiary sector
Tertiary Sector

Transformation of resources to provide a service, which is why it is referred to as the service sector. E.g. retailing.

75% of UK economic output!


Quaternary sector
Quaternary Sector

Industries whose main purpose is the transformation of information. E.g. consultancy


Uk s industrial sectors
UK’s Industrial Sectors

  • UK is extremely reliant on service sector for employment and output.

  • Majority is made up of retail and financial services. (75%)

  • For UK to grow economically we need the service sector to grow!

  • Primary and Secondary sectors have declined – process of deindustrialisation

  • http://www.bbc.co.uk/news/business-18231946


Which businesses are pulling the uk economy out of recession
Which Businesses Are Pulling The UK Economy Out of Recession?

  • Two significant points of comparison.


Ways of adding value
Ways of Adding Value Recession?

  • In three columns list different examples as to how businesses in each sector could add value to their goods/services.


Ways of adding value1
Ways of Adding Value Recession?

  • Is it more difficult to add value in certain sectors than others?

  • Is it easier to add value to a car then a haircut?


Q1 Recession?

Which of these is not in the tertiary sector?

A

Banking and Insurance

B

Online Publishing

C

Law and Accountancy

c

D

Cement Production


Q2 Recession?

The process of declining manufacturing in developed economies is known as:

A

Nationalisation

B

Privatisation

C

Outsourcing

c

D

Deindustrialisation


Q3 Recession?

Which of these is in the primary sector?

A

Vehicle Assembly

B

Pharmaceutical Research

C

Legal Services

c

D

Crop Production


Q4 Recession?

An automotive business like Jaguar Land Rover operates mainly in the:

A

Primary Sector

B

Tertiary Sector

c

C

Secondary Sector

D

Public Sector


Q5 Recession?

Which sector is usually biggest in developed economies like the UK and USA:

A

Primary Sector

c

B

Tertiary Sector

C

Secondary Sector

D

Financial Sector


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