1. Sectors of The Economy
AS Business Studies

2. 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

3. Name the three sectors in which businesses operate?
Starter
Name the three sectors in which businesses operate?

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

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

6. 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!

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

10. 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

11. Which Businesses Are Pulling The UK Economy Out of Recession?
Two significant points of comparison.

12. Ways of Adding Value
In three columns list different examples as to how businesses in each sector could add value to their goods/services.
Primary Sector
Secondary Sector
Tertiary Sector

13. Ways of Adding Value
Is it more difficult to add value in certain sectors than others?
Is it easier to add value to a car then a haircut?

14. A B C D Q1 Banking and Insurance Online Publishing Law and Accountancy
Which of these is not in the tertiary sector? A
Banking and Insurance B
Online Publishing C
Law and Accountancy c D
Cement Production

15. A B C D Q2 Nationalisation Privatisation Outsourcing
The process of declining manufacturing in developed economies is known as: A
Nationalisation B
Privatisation C
Outsourcing c D
Deindustrialisation

16. A B C D Q3 Vehicle Assembly Pharmaceutical Research Legal Services
Which of these is in the primary sector? A
Vehicle Assembly B
Pharmaceutical Research C
Legal Services c D
Crop Production

17. A B C D Q4 Primary Sector Tertiary Sector Secondary Sector
An automotive business like Jaguar Land Rover operates mainly in the: A
Primary Sector B
Tertiary Sector c C
Secondary Sector D
Public Sector

18. A B C D Q5 Primary Sector Tertiary Sector Secondary Sector
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