1.2 Classification of businesses Test and Practice

Schools, college and hospitals are examples of

productions, distribution, trades and consumptions of goods and services of a country.

where business deal with raw resources, of our planet earth. it is the extraction of natural resources, such as gas, oil, diamond and coal.

Developing countries – are those where manufacturing is imported or conducted with high standards, they have improved living standards, improved living standards, increased freedom/ self – esteem, most employed in tertiary sector, high level of productivity.

Developed countries works mainly in tertiary

Which type of country will have low levels of education and care systems, reduced productivity and poor housing, high number workers of employed in primary sector

De-industrialisation is when a country shifts from one sector of the economy to another for example from primary sector of the economy into secondary or tertiary.

Private business are those that produces goods and services the consumers want and need. The business itself decides everything is controlled by the owner. profit is normally their main target.

Economy means the resources, riches and wealth of a country. the bigger the economy the better it is for the country.

Businesses are classified into 4 different sectors: Primary, Secondary and Tertiary and construction

Tertiary sector is where

People that used to work in farms and oil extractions moves to work in offices and production.

Developed countries that works mainly in tertiary has some disadvantages as they will depend on the developing countries to provide them with basic needs of life

Countries are classified by size of different sectors of their business activity, this means which ever sector they depend on the most will place them in that sector of the economy.

Oil extraction and fishing is from which sector ?