Topic Summaries

Types of economic sectors

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Formula sheet

Businesses operate in three sectors of the economy, each producing different types of goods/services.

Sector Description Examples
Primary Extracts natural resources Farming, fishing, mining
Secondary Manufactures goods from raw materials Car production, construction
Tertiary Provides services Retail, education, healthcare

Businesses can also be in either the private or public sector.

Sector Description Examples
Private Owned by individuals or companies to make profit Tesco, BP, ASOS
Public Owned and run by governments to provide essential services NHS, police, public schools

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