1 Analyse the functional differences between businesses operating in primary & secondary sectors of business. [6]

[Sodais sajid]

KN: Nature of Work
AN: Primary sector businesses are involved in the extraction and production of raw materials directly from nature
AN+: This includes agriculture, mining, fishing, forestry, and hunting
KN: Value Addition
AN: Minimal value addition occurs in this sector
AN+: The produced raw materials are usually sold to secondary sector industries

[Shanze Hussain]

[KN] the nature of thier activities
[AN] businesses in the primary sector are involved in activities related to natural resource extraction, agriculture, forestry, fishing, and mining whereas in the secondary sector they engage more within the manufacturing and industrial production areas
[AN+] the primary sector specifically focuses on the initial production of raw materials and natural resources and the secondary sectors activities involve transforming raw materials into finished goods through various processes

[KN] thier expertise and labor skills
[AN] in the primary sector it is often required to have physical labor and be specialized in skills regarding resource extraction or agricultural practices whereas in the secondary sector they rely more on a broader range of skills and expertise
[AN+] for primary sector it consists of farming, mining, fishing or forestry and for the secondary sector it consists of technenical skills, engineering knowledge, machinery operation, quality control and production management

[Soha Hussain]

Q1 Analyse the functional differences between businesses operating in primary & secondary sectors of business. [6]

[KN]the secondary sector focuses on converting raw material to finished goods while the primary focuses on extracting it
[AN]for secondary, conversion to processed goods requires capital and labor while for primary, extraction of the resources, land and labor is needed
[AN+]which is why, when deciding which sector to choose, the cost of raw materials and its availability is an important factor to consider

[KN)compared to the secondary sector, if a country is more engaging towards the primary sector, labor turn out to be less skilled
[AN]which is why education and training is provided to improve and increase the skill of workers
[AN+]due to this, output may rise slowly and insignificantly, causing an increase in the costs of production

[Mahnoor Ali]

[kn] Primary sector is dependent on extraction of natural resources whereas secondary sector is dependent on adding value to raw materials .
[AN] For extraction of natural resources, businesses depend on Land and labor whereas conversion requires labor & capital hence , there is a difference in their factors of production.
[AN+] If natural resources are available at a cheap cost and in abundance, businesses are attracted towards the primary sector whereas in case of a lower unemployment rate businesses can go for secondary sectors as influenced by governments.
[KN] If the country is more inclined towards the primary sector, there would be fewer skilled employees available to work in the secondary sector.
[AN] Businesses would have to arrange training sessions for the employees themselves.
[AN+] Increase the cost of production and thus, reducing competitiveness.

[Sarah Shahzad]

(Kn) primary sector is dependent on extraction of natural raw material whereas secondary sector is dependent on converting them. (An) for this the primary sector is dependent on natural resources such as land etc and secondary is dependent on machinery, technology etc.

(Kn) primary sector is in countries which are not still developed and secondary is in countries which are developed (an) secondary sector earns more profit due to value added and also requires technology and machinery whereas primary sector is dependent on natural resources easily available anywhere.

[Farzan Siddiqui]

[KN] The main purpose of primary sector is to extract the natural raw materials. Secondary sector convert these raw material into manufactured goods.
[AN] The primary sector is dependent on natural resources while the secondary sector is dependent on primary sector.
[AN+] This leads towards more goods and services available for the consumers.

[KN] If country is more focused towards primary sector then there will be less skilled labour in the secondary sector.
[AN] Training and education can help the workers to improve their skills.
[AN+] This will increase the cost of production as output may not increase significantly.

[Abbas17]

[KN] the primary sector is more found in developing countries whereas secondary sector is mainly used in more developed countries
[AN] businesses would aim to migrate from primary to secondary because of its financial benefits
[AN+] this would increase the businesses revenue as they and help them reinvest and improve their manufacturing

[KN] The purpose of primary sector is the extraction of natural raw materials. Secondary sector make these raw material into manufactured goods
[AN] The primary sector is dependent upon natural resources where as the secondary sector is dependent on the primary sector.
[AN+] Thus the primary sector converts raw materials to manufacturing goods and secondary sector converts these goods to goods.

[hafsa kashif]

[KN] Primary sector is dependent on extraction of natural resources whereas secondary sector is dependent on conversion of it
[AN] thus for extraction of natural resources, businesses are dependent on Land & Labour whereas conversion requires labor & capital
[AN+] when natural resources are cheaper businesses attract towards primary sector however if they want to increase employment secondary sector is focused on
[KN] If country is more inclined towards primary sector, there would be less skilled employees available to work in secondary sector.
[AN] thus Businesses would have to arrange training sessions for the employees themselves
[AN+] which would Increase the cost of production & less competitiveness.

[Abbas17]

[KN] the primary sector focuses on gathering natural resources whereas the secondary sector focuses on converting those resources into manufactured goods
[AN] primary sector rely on land mainly whereas the secondary sector requires more capital (labour is used in both)
[AN+] if natural resources are available in cheap costs then businesses would prefer primary sector whereas to lower unemployment rate business can go for secondary sector

[KN] the primary sector is more found in developing countries whereas secondary sector is mainly used in more developed countries
[AN] businesses would aim to migrate from primary to secondary because of its financial benefits
[AN+] this would increase the businesses revenue as they and help them reinvest and improve their manufacturing