Unit 6 ECONOMIC SECTORS AND FINANCE

THE PRIMARY SECTOR IN SPAIN

1. The primary sector is where resources are taken from nature.

2. The primary sector in Spain employed 4% of the population and its main activities are arable farming, livestock farming, fishing and forestry.

3. Dryland farming is the most common way of farming land. Common crops are wheat, grapes and olives.

4. Irrigated farming is more profitable than dryland farming. Common crops are rice, cotton, green vegetables and fruit.

5. Livestock farming can be intensive cattle farming that is where livestock live in stables and extensive cattle farming is where livestock are free to move by the land.

6. Porcine farming produces pork and sausages. Poultry farming produces chicken and eggs. Bovine farming produces beef and milk. Sheep and goat farming produce meat, milk and wool.

7. Deep-sea fishing are large boats that fish in waters far away from the coast. Common fish are cod, anchovy and hake.

8. Coastal fishing are smaller boats that fish in waters close to the coast. Common fish are tune, shellfish and crustaceans.

9. Forestry is the cutting down trees to produce furniture, paper, cork and resin.

THE SECONDARY SECTOR IN SPAIN

10. The secondary sector is where the resources are transformed into finished products.

11. The secondary sector in Spain employed 19% of the population and its main activities are mining, energy sources, crafts and industrial activities.

12. Mining is extracting minerals from the ground and it can be underground mining and opencast mining.

13. Energy sources can be non-renewable such as coal, gas, petroleum and nuclear energy; and renewable such as water, the Sun and wind.

14. Crafts are to make one-of-a-kind products by hand or using small tools.

15. The main industrial activities are heavy industries (manufactured products), capital goods industries (tools and machinery) consumer goods industries (products that people use) and construction industries (roads, railways, airports, seaports and buildings).

THE TERTIARY SECTOR IN SPAIN

16. The tertiary sector provides services, not products. It is the most important sector in the economy because it generates the most money.

17. The tertiary sector employed 76% of the population and its main activities are trade, transport and tourism.

18. Trade is when we buy (when we buy products from another country, we import them), sell (when we sell products to another country, we export them) or exchange something.

19. Transport can be land transport, sea transport and air transport.

20. Tourism is when people travel to a different place for leisure, fun or rest. Tourism can be seaside or beach, cultural, mountain, rural or ecotourism.

MONEY AND SAVINGS

21. Money is a form of exchange which is used as payment for goods, services and other obligations.

22. Savings is the money that people keep to use later.

23. Consumption is buying or using goods or services.

24. Ethical consumption is changing your buying habits to meet you real needs and making choices that favour social equality and the environment.

25. Advertising is an activity that uses the media to promote products or services so that people want to buy or use them.