Primary, Secondary, Tertiary, Quaternary, Quinary (Within an Economy)

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Presentation transcript:

Primary, Secondary, Tertiary, Quaternary, Quinary (Within an Economy) Sectors of the Economy Primary, Secondary, Tertiary, Quaternary, Quinary (Within an Economy)

Primary The primary sector of the economy extracts or harvests products from the earth. Raw Materials and Basic Foods

Secondary The secondary sector of the economy manufactures finished goods. Construction, Processing, Manufacturing

Tertiary The tertiary sector of the economy is the service industry. Retail, Wholesale, Entertainment, Transportation, etc.

Quaternary The quaternary sector of the economy consists of intellectual activities. Govt., Museums, Science, Research, Education

Quinary Some consider there to be a branch of the quaternary sector called the quinary sector, which includes the highest levels of decision making in a society or economy. CEO, President, Congress, etc.