Unit 3 Economic Change
Terms in this set (18)
The primary sector
Working natural resources. The main activities are agriculture, fishing, forestry, mining and quarrying.
The secondary sector
making things, either by manufacturing (e.g. a TV or a car) or construction (e.g. a house, road or new airport).
The tertiary sector
providing services. These include services that are commercial (e.g. shops and banks), professional (e.g. solicitors and dentists), social (e.g. schools and hospitals), entertainment (e.g. restaurants and cinemas) and personal (e.g. hairdressers and fi tness trainers).
The quaternary sector
a rather new sector that is mainly found in high-income countries (HICs). It is concerned with information and communications technology (ICT) and research and development (R&D). Universities are part of it.
The pre-industrial phase
the primary sector leads the economy and may employ more than two-thirds of the working population. Agriculture is by far the most important activity.
The industrial phase
the secondary and tertiary sectors increase in importance. As they do so, the primary sector declines. The secondary sector peaks during this phase, but rarely provides jobs for more than half of the workforce.
The post-industrial phase
the tertiary sector establishes itself as the most important sector. The primary and secondary sectors continue their decline. The quaternary sector begins to appear.
Gross National Income
Gross Domestic Product
A combine harvester is an example of this and it has led to the decline in primary employment in the UK.
The world apparently 'shrinking' due to developments in communication technology, transportation and global business.
Trans national corporation
The decline in industry in either urban or rural areas. An example is China Clay in St Austell in Cornwall.
Newly Industrialised Country e.g. Taiwan or South Korea
Example of MIC country that has expanded its secondary manufacturing industry
The worlds most polluted city
The Greying pound
Over 65's in the UK spending money