Term
click below
click below
Term
Normal Size Small Size show me how
Business Sectors
gues the correct term for revision purposes
Term | Definition |
---|---|
Primary sector | Extraction of natural/raw materials |
CIPC | Businesses register with the Companies and Intellectual Properties Commission |
Formal sector | Consists of registered businesses |
Second economy | The Informal is also known as the second economy |
Tertiary sector | Distribution and sales of goods to consumers and rendering of services |
Public sector | Organizations and business enterprises that are owned by government |
Informal sector | Consists of businesses that are not registered |
Primary economy | The formal sector is also known as the primary economy |
Private sector | Business enterprises owned by private persons |
Secondary sector | Converts raw materials from primary sector into final products |
Personal tax | Pay tax in your own personal tax |
Secondary tax | Tax charged on dividends distributed to shareholders |
Company tax | Companies pay taxable income for the company |
Classification of industries in the tertiary sector | Trade and Service |
Classification of industries in the secondary sector | Clothing, motor and furniture manufacturing industries |
Classification of industries in the primary sector | Agricultural, mining, forestry, fishing activities |