Design and illustrate a poster explaining the journey of iron ore, which is extracted using a primary activity, to the selling of a manufactured car in the market by a salesperson, which comes under tertiary activity. Explain how the market plays a role in this whole process.

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10-08-2024
Social Studies

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Design and illustrate a poster explaining the journey of iron ore, which is extracted using a primary activity, to the selling of a manufactured car in the market by a salesperson, which comes under tertiary activity. Explain how the market plays a role in this whole process.

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-08-10T04:01:57-04:00

Final answer:

Explains the journey of iron ore from extraction to market, highlighting the role of the market.

Explanation:

Iron Ore Journey from Extraction to Market:

Primary Sector: Iron ore is extracted from the earth by miners. Secondary Sector: A steel mill converts the iron to steel beams. Manufacturing: The construction company uses the steel beams to make a building. Tertiary Sector: Salesperson sells the manufactured car in the market.

Market Role:

The market plays a vital role in this process by connecting the supply chain, determining prices, and facilitating transactions between producers and consumers.

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