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