Economic Activity
What are the three components of economic activity?
What is a company?
A business that produces goods or services.
What does the primary sector do?
Use natural resources from the earth.
What does the secondary sector do?
Turn natural resources into finished products.
What does the tertiary sector do?
Provides services instead of goods.
What are the three main sectors of economic activity?
Primary, Secondary, and Tertiary.
What type of company extracts natural resources?
Industry.
What do we call the activity of catching fish for food?
Fishing
What is an example of a job in the secondary sector?
Factory worker, construction worker, baker, etc.
Name one example of a job in the tertiary sector.
Teacher, doctor, shopkeeper, taxi driver, etc.
What do use to buy goods and services?
What type of company is owned by the government?
Public companies.
What is the process of growing crops and raising animals called?
Agriculture
What do we call the process of making goods in factories?
Manufacturing
What do we call the industry that includes hotels, restaurants, and travel services?
Tourism or hospitality.
What is the main goal of economic activity?
To satisfy people’s needs and wants.
How many people work at a medium sized company?
Between 50 and 250 people.
What activity involves cutting down trees for wood?
Logging.
What is the secondary sector activity that builds houses, bridges, and roads?
Construction.
What is the service called where people sell goods in stores or online?
What are the three types of expenses?
Fixed, variable, unexpected.
What is the biggest grocery store in Spain?
Mercadona
Name one example of a job in the primary sector.
Farming, fishing, mining, logging, etc.
What is an example of a product made in the secondary sector?
Clothing, cars, furniture, etc.
Name one transport company in Spain.
Renfe, ALSA, Vueling, Balearia.