A | B |
Chain of production | the various production stages through which a product passes before being sold |
Division of labour | specialisation of workers |
Interdependance | where economies, businesses, consumers and workers are linked together |
Primary industry | activities which mine, grow, collect or cut down raw materials, such as mining |
Secondary industry | activities which transofrm primary products into manaufactured ones |
Tertiary industry | activities which provide services |
Specialisation | system of production where economies regions, businesses or people concentrate on producing certain products |
Products | goods provided by businesses |