IGCSE Business Studies 1.1.2 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….. • http://en.wikipedia.org/wiki/List_of_countries_by_G 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