Primary sector - extraction of raw materials from the earth - mining, quarrying, fishing, agriculture, forestry.
Secondary sector - processing of raw materials into finished or semi - finished products - manufactoring.
Tertiary sector - service industries - transport, finance, distribution, retailing, wholesailing, communications, hi-tech industries.
Quartemary sector - health, education, research, leisure.
- Oil exploration and drilling (primary)
- Refining oil - production of gas, petroleum, bitumen, lubricants (Secondary manufactoring)
- Distribution of petrol from refineries to petrol stations and sales of petrol to consumer (tertiary)
- Research and development (quartemary)
Teacher talked about the public sector, about the objectives, objectives of public sector activity such as:
- Access and equity
- Quality
- Affordability
Objectives for private sector:
- Profit
- Market power
- Share price
- Social issues
- Sales and sales revenue
- Quality and innovation
- Image and reputation
- Environment
- Efficiency
- Survival
Public sector - business activity owned, financed and controlled by the state through government or local authorities.
Government - key departments set policy and monitor implementation.
Local authorities - County Councils, District Councils, Parish Councils.
Also there was talking about the range of business offered by the public sector:
- Museum and arts
- Path and parks
- Environmental health
- Cemeteries
- University
- Street lighting
- Roads
- Social services
- Licensing
- Schools
- Trading standards
- Care of the elderly
- Economic development and tourism.
At the end of the lesson we understood the difference between a public sector organisation and a private sector organisation.
We understood the major objectives of business activity in the public sector, the major aims of business activity in the private sector.
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