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The Division of Labour & the Production Possibility Curve.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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The Division of Labour & the Production Possibility Curve 1a) Primary production is the process of extraction of minerals from various natural sources, for example, the earth's crust or the sea. Here are two examples of primary industry, farming and fishing. 1b) Secondary production is the process of turning the raw, unprocessed materials that have been extracted, into something that can be sold for a profit. This process is called manufacturing. Two examples of manufacturing are, turning unprocessed diamonds into valuable gems, and the making of cars. 1c) Tertiary production does not actually revolve around a tangible product that has been extracted from somewhere. It is the supply of a service, for example, the education system or the retail of clothes. 2) The predominant reason why employment in the manufacturing sector has declined is because of cheap imports. It is cheaper nowadays for a business to import the products it needs than to...
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