Key Word Corner
Primary Sector:
This involves acquiring raw materials. For example, metals and coal have to be mined, oil drilled from the ground, rubber tapped from trees, foodstuffs farmed and fish trawled.
Secondary Sector:
This is the manufacturing and assembly process. It involves converting raw materials into components, for example, making plastics from oil. It also involves assembling the product, e.g. building houses, bridges and roads.
Tertiary Sector:
This refers to the commercial services that support the production and distribution process, e.g. insurance, transport, advertising, warehousing and other services such as teaching and health care.
Quaternary Sector:
Jobs in research, information technology and the media
Deindustrialisation:
The decline in secondary industry and the growth of tertiary and quaternary employment
Globalisation:
Globalisation is the process by which the world is becoming increasingly interconnected
Primary Sector:
This involves acquiring raw materials. For example, metals and coal have to be mined, oil drilled from the ground, rubber tapped from trees, foodstuffs farmed and fish trawled.
Secondary Sector:
This is the manufacturing and assembly process. It involves converting raw materials into components, for example, making plastics from oil. It also involves assembling the product, e.g. building houses, bridges and roads.
Tertiary Sector:
This refers to the commercial services that support the production and distribution process, e.g. insurance, transport, advertising, warehousing and other services such as teaching and health care.
Quaternary Sector:
Jobs in research, information technology and the media
Deindustrialisation:
The decline in secondary industry and the growth of tertiary and quaternary employment
Globalisation:
Globalisation is the process by which the world is becoming increasingly interconnected
Deindustrialisation in the UK:
. The decline in manufacturing is due to:
- Machines and technology replace people in certain industries
- Companies move manufacturing to LICs and NEE because they can pay their workers less money and so therefore make a larger profit. The process of globalisation makes this easier.
- Lack of investment, high labour costs and outdated machinery made UK products too expensive. This happened through a series of government policies:
- 1945-1979 = Government industries invested in failing UK manufacturing industries but it ended up being too unprofitable which resulted in industry closure.
- 1979-2010 = state run industries were sold off to create a competitive business environment this is called privatisation. Derelict industries were then turned into financial centres.
- 2010 onwards = The government aims to 'rebalance' the economy by rebuilding the manufacturing industry , easier access to loans and finance for small businesses and encouraging global firms to locate in the UK.
London docklands - 1961 and currently