Primary Industry
The extraction of agriculture/raw materials.
Secondary Industry
Manufacturing Raw materials into finished goods.
Tertiary Industry
Retail, Hospitality.
Quaternary Industry
Research and Development, Science.
LEDC
Less Economically developed country.
NIC
Newly industrialised Countries.
MEDC’S
Most Economically developed countries.
MNC
Multi-national corporation.
Globalisation
The process of increasing interconnectivity and interdependence among countries and economies of the world.
De-Industrialisation
The Process by which there is a decline in the manufacturing industry.