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    Unit 4.2: Organising Production

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    aruprof
    Production adds value to resources by transforming them into goods and services for consumers. While most private firms aim to maximize profits, other organizations like charities and non-profits have different goals focused on helping people or reinvesting surplus. Industries are grouped into primary sectors that extract raw materials, secondary sectors that process raw materials into goods, and tertiary sectors that provide services to consumers and businesses.

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    Unit 4.2: Organising Production

    Uploaded by

    aruprof
    25 views3 pages
    Production adds value to resources by transforming them into goods and services for consumers. While most private firms aim to maximize profits, other organizations like charities and non-profits have different goals focused on helping people or reinvesting surplus. Industries are grouped into primary sectors that extract raw materials, secondary sectors that process raw materials into goods, and tertiary sectors that provide services to consumers and businesses.

    Original Description:

    Economics production

    Original Title

    Production

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    Production adds value to resources by transforming them into goods and services for consumers. While most private firms aim to maximize profits, other organizations like charities and non-profits have different goals focused on helping people or reinvesting surplus. Industries are grouped into primary sectors that extract raw materials, secondary sectors that process raw materials into goods, and tertiary sectors that provide services to consumers and businesses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    25 views3 pages

    Unit 4.2: Organising Production

    Uploaded by

    aruprof
    Production adds value to resources by transforming them into goods and services for consumers. While most private firms aim to maximize profits, other organizations like charities and non-profits have different goals focused on helping people or reinvesting surplus. Industries are grouped into primary sectors that extract raw materials, secondary sectors that process raw materials into goods, and tertiary sectors that provide services to consumers and businesses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Unit 4.

    2: Organising Production

    Production adds value to resources by turning them into goods and services
    consumers want and are able to buy.

    Aims of Production:

    Most private sector firms aim to maximize ______________

    However, not all organisations aim to maximise profits. For example:

    • Charities aim to help people or animals in need, or to protect the natural


    environment. They rely on _______________ or gifts of money to cover their costs

    • Not-for-profit organizations, such as local sports and social clubs, are run
    for the benefit of their members. Any surplus of revenue over costs is used to
    reinvest in the organization or to lower prices

    • Public sector organizations provide public services, e.g. public health


    services, education. They are funded by the ________________

    Industrial sectors:

    An industrial sector or industry is a group of firms specializing in similar goods


    and services, or using similar production processes

     Primary Sector: businesses involved in the extraction of _______________


    resources from the land and sea
     Secondary Sector: these include all construction and ______________ industries
    that turn the natural resources into goods
     Tertiary Sector: businesses that provided services to consumers and to
    other businesses.
    A

    B
    C
    D
    F
    G

    I
    H

    K
    L

    1. Match each picture to a description using the table below (some pictures can
    be used twice)

    Description 1 2 3 4 5 6 7 8 9 10 11 12 13 14
    Picture

    2. Place the descriptions in order to form as chain of productive activities


    involved in bread production, right through to the final sale to consumers (#
    4/6)
    1.
    Activity A B C D E F G H I J K L
    Pr/Se/Tr

    2.
    Primary Secondary Tertiary

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