Economic Activity Vocabulary

Factory

A large building in which machinery is used to manufacture goods

Market

A mechanism that allows people to exchange goods

unemployment

A situation where people are out of work but are willing and able to work

Examples of Secondary Economic Activities

Carpenters, factory workers, bakers and brewers.

Manufacturing

Combining raw materials and processed goods into finished products

Examples of Primary Economic Activities

Farming, fishing, mining and quarrying, forestry

Examples of Tertiary Economic Activities

Teachers, bus drivers, travel agents, doctors and hair dressers.

Secondary Economic Activities

These are jobs in which people make or manufacture something.

Primary Economic Activities

These are jobs in which people obtain natural resources from the land and the sea.

Tertiary Economic Activities

These are jobs which provide useful services to other people.

Renewable resources

These are natural resources which can be used over and over again. If you look after them they will never run out. Can you think of some examples?

Non-renewable resources

These are resources which can be used only once. They will eventually run out. Can you think of some examples?

Natural resources

These are things which are provided by nature and are useful to people. There are two types of natural resources - renewable and non-renewable.

Port

Where ships sail from

Labour

Work done by people

University

a high-level educational school where academic research is done

Transport

a vehicle or system of vehicles, such as buses, trains, aircraft, etc for getting from one place to another

Import

bring (goods or services) into a country from abroad for sale.

skilled

having the training, knowledge, and experience that is needed to do something

Export

send (goods or services) to another country for sale.

Raw materials

the basic material from which a product is made.

Hi-tech

using the most modern and advanced machines and technology