Describe the 4 sectors of industry. - Scottish Highers Business Management - Question 5 (a) - 2022
Question 5 (a)
Describe the 4 sectors of industry.
Worked Solution & Example Answer:Describe the 4 sectors of industry. - Scottish Highers Business Management - Question 5 (a) - 2022
Step 1
Primary Sector
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Answer
The primary sector involves the extraction of raw materials from the environment. This includes industries such as agriculture, forestry, fishing, and mining. These activities provide the basic materials needed for further production processes.
Step 2
Secondary Sector
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The secondary sector is focused on manufacturing and processing raw materials into finished goods. It includes industries such as construction and manufacturing, where products like automobiles, clothing, and electronics are produced from raw materials.
Step 3
Tertiary Sector
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The tertiary sector provides services rather than goods. This includes retail, hospitality, healthcare, and financial services. The focus here is on delivering services to consumers and businesses rather than producing physical products.
Step 4
Quaternary Sector
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The quaternary sector is related to high-tech research and information services. This includes industries such as information technology, education, research and development, and other knowledge-based services that focus on intellectual activities and data analysis.
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