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Published byVincent Ferguson Modified over 8 years ago
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SECTORS OF THE ECONOMY
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Primary Sector This sector involves extracting raw materials from the earth.
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Mining and Quarrying Examples include raw materials such as coal, iron ore, diamonds and gold.
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Fishing Catching fish and shellfish using various techniques.
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Forestry This involves managing of forests to provide wood as a raw material.
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Agriculture This is the most important sector for most countries. It includes everythying from meat to vegetables, cotton to silk, biofuels to pharmaceuticals.
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Secondary Sector This sector involves converting raw materials into finished or semi-finished goods.
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Tertiary Sector This sector involves the provision of services in the economy.
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Tertiary Sector This includes professional and legal services such as accountants, lawyers, doctors, bankers and insurance companies.
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Tertiary Sector This includes transportation and commercial services such as trains, airplanes, freight delivery and printing.
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Tertiary Sector This includes household services such as plumbing, gardening and house cleaning.
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De-industrialisation The number of people employed in each sector changes over time. De-industrialisation is the decline in manufacturing.
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De-industrialisation Why does this happen? Changes in consumer demand. Manufacturing has moved to developing countries. As countries become more developed the public sector tends to grow. Advances in technology.
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Developed countries In most developed countries the primary sector is not as big as the secondary and tertiary sector.
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Undeveloped countries In undeveloped countries there is less development in the secondary and tertiary sector.
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