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Economic Sectors and Patterns

Introduced
Handout Watch lesson
Vocabulary
English Meaning
primary sector/ˈpraɪməri ˈsektə/The part of the economy that extracts or harvests natural resources.
secondary sector/ˈsekəndəri ˈsektə/The part of the economy that manufactures goods or constructs buildings and infrastructure.
tertiary sector/ˈtɜːʃjəri ˈsektə/The part of the economy that provides services.
quaternary/kwəˈtɜːnəri/Describing economic activities centred on information, research and knowledge, often classified as specialised services.
Weber's least-cost theory/ˈwebəz liːst kɒst ˈθɪəri/An industrial-location model examining how transport costs, labour costs and benefits from clustering influence the location with the lowest overall cost.
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IGCSE, A-Level & AP