Embedded Files
Lesson aims
Lesson aims
- Obtain an overview of the different sectors of business activity.
- Understand the nature of business activity in each sector.
- Understand the impact of sectoral change on business activity.
Task
Task
- Compare and contrast the industry sector compositions of three different countries, i.e. low-income country (LIC), a middle-income country (MIC) and a higher-income country (HIC).
- Think of some everyday products that you use and imagine their production chain.
- What primary, secondary, tertiary and quaternary businesses are involved in the production, distribution and marketing of these products?
- List the main business activities for each industry sector.
- Identify how a change in a specific sector would affect these activities.
Primary
Primary
Extract and harvest land and natural resources. Main source of employment in lesser developed nations. Becoming more capital intensive in Canada.
e.g. Fish, lumber, mining, agriculture
Secondary
Secondary
Convert raw materials into other resources
e.g. Construction, manufacturing, energy production, publishing
Tertiary
Tertiary
Service industry
e.g. Retail, education, travel, insurance, banking, transportation, health, catering, entertainment
Quaternary Sector
Quaternary Sector
Subcategory of the tertiary sector - knowledge based sector of economy.
Change of country's sectoral composition over time
Change of country's sectoral composition over time
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