BMF – May 2023 – L1 – SB – Q1c – Business and Organizational Structures and Choices

State the five main features of each category identified in Q1b, which discusses economic activities based on occupation.

Question

State FIVE main features of each category identified in 1(b).

Answer

Primary Activities:
- Dependence on natural resources.
- Include activities like farming, fishing, and mining.
- Generally labor-intensive.
- Often located in rural or remote areas.
- Produce raw materials used in secondary activities.
Secondary Activities:
- Involves manufacturing and processing.
- Converts raw materials into finished goods.
- Often requires significant capital investment.
- Employs both skilled and unskilled labor.
- Typically located in industrial areas or cities.
Tertiary Activities:
- Service-oriented occupations.
- Includes sectors like banking, education, and healthcare.
- Requires specialized skills or qualifications.
- Contributes to the economic growth of urban areas.
- Provides support to both primary and secondary sectors.