IGCSE Business Studies Classifying Business Activity - Primary, Secondary and Tertiary Sectors

Learning Outcomes Describe and classify business activity in terms of primary, secondary and tertiary sectors Understand the basis of the classification Use examples to demonstrate understanding Demonstrate awareness of changes that have taken place in these sectors within your own country Identify the key features of the structure of your own national economy

Three Business Sectors Primary Sector Secondary Sector Tertiary Sector What can you tell me about them?

Video …. Just to clarify……. Watch the video

Primary Sector The primary sector of the economy extracts or harvests products from the earth. Activities associated with the primary sector include agriculture mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying

Secondary Sector The secondary sector of the economy manufactures goods for customers Activities associated with the secondary sector include metal working, automobile production, textile production, chemical and engineering industries, energy utilities, engineering, breweries and bottlers, construction, and shipbuilding

Tertiary Sector The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses. Activities associated with this sector include retail and wholesale, transportation and distribution, entertainment restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law.

Which business Sector/Sectors?

Task – Lets compete You have one minute to write a list of as many different business activities as you can that would be part of the Primary Sector Then….. You are going to do the same for secondary and tertiary Housepoints for the person with the longest list

Questions Think about these 3 industry sectors How could we measure the size of them? How do you think the relative size of these sectors compares from country to country? What factors contribute to the differences? Lets find out……..

Look at the data….. DP_sector_composition DP_sector_composition Questions: What facts can you find? What conclusions can you draw? Are there any figures that surprise you? Why?

Business Sector Trends….. Discuss….. Lets specifically think about Developed Economies such as the UK….. Can you give reasons for why……… The primary sector has decreased significantly in the last 50 years The secondary sector has decreased significantly in the last 50 years The tertiary sector has increased significantly in the last 50 years?

LETS FIND OUT ABOUT YOUR COUNTRY….. BE AN INQUIRER!

Task….. You will research your own country and produce a Powerpoint Presentation. You must include the following slides: Slide 1 – Basic info about your country (flag, population etc) Slide 2 – A chart to show industry sectors by GDP* Slide 3 – An outline of the Primary Sector in the country (include facts and images) Slide 4 – An outline of the Secondary Sector in the country (include key industries, facts and images) Slide 5 – An outline of the Tertiary Sector in the country (include facts, images, key industries) Slide 6 – Trends – How these sectors have changed over time