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