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SECTORS OF THE ECONOMY. Primary Sector  This sector involves extracting raw materials from the earth.

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Presentation on theme: "SECTORS OF THE ECONOMY. Primary Sector  This sector involves extracting raw materials from the earth."— Presentation transcript:

1 SECTORS OF THE ECONOMY

2 Primary Sector  This sector involves extracting raw materials from the earth.

3 Mining and Quarrying  Examples include raw materials such as coal, iron ore, diamonds and gold.

4 Fishing  Catching fish and shellfish using various techniques.

5 Forestry  This involves managing of forests to provide wood as a raw material.

6 Agriculture  This is the most important sector for most countries.  It includes everythying from meat to vegetables, cotton to silk, biofuels to pharmaceuticals.

7 Secondary Sector  This sector involves converting raw materials into finished or semi-finished goods.

8 Tertiary Sector This sector involves the provision of services in the economy.

9 Tertiary Sector  This includes professional and legal services such as accountants, lawyers, doctors, bankers and insurance companies.

10 Tertiary Sector  This includes transportation and commercial services such as trains, airplanes, freight delivery and printing.

11 Tertiary Sector  This includes household services such as plumbing, gardening and house cleaning.

12 De-industrialisation  The number of people employed in each sector changes over time.  De-industrialisation is the decline in manufacturing.

13 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.

14 Developed countries  In most developed countries the primary sector is not as big as the secondary and tertiary sector.

15 Undeveloped countries  In undeveloped countries there is less development in the secondary and tertiary sector.

16 How does this art piece speak to you?


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