THE DIFFERENT SECTORS OF THE ECONOMY

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Presentation transcript:

THE DIFFERENT SECTORS OF THE ECONOMY RB, p. 14-16 MK U7

THE THREE SECTORS PRIMARY SECTOR involves extracting raw materials and natural resources from the earth. Examples? SECONDARY SECTOR includes manufacturing, processing and construction which transform raw materials into goods. TERTIARY SECTOR involves the provision of services. Examples? /ˈtɜr ʃiˌɛr i, ˈtɜr ʃə ri/

EXAMPLES EXTRACTING OIL FROM THE EARTH AGRICULTURE FARMING HARVESTING MINING COAL FISHING FORESTRY

EXAMPLES PROCESSING WOOD ASSEMBLING A CAR CONSTRUCTING A MACHINE MANUFACTURING FURNITURE PRODUCING A BAG SMELT- TALITI, TOPITI RUDU WELD-VARITI, KOVATI

EXAMPLES NEWS & MEDIA LEGAL PRACTISE REAL ESTATE HEALTHCARE TRANSPORTATION INSURANCE SALES BANK RETAIL HOSPITALITY INDUSTRY

FINISH THE SENTENCE… Primary sector involves... extracting raw… materials and natural resources from… the earth. Secondary sector includes manufacturing, processing and construction which transform raw… materials into… goods. Tertiary sector involves the provision of… services.

MORE SECTORS… (SUBSETS OF THE TERTIATY SECTOR?) THE QUATERNARY SECTOR information and knowledge-based services (intellectual services) EXAMPLES computing, ICT, consultancy, R&D

MORE SECTORS… (SUBSET OF THE TERTIATY SECTOR?) THE QUINARY SECTOR senior management levels in non-profit organizations, media, arts, culture, higher education, science and technology… FURTHER RESEARCH: DIFFERENCE BETWEEN QUATERNARY AND QUINARY SECTOR IDEA FOR FURTHER READING: Bell, Daniel.The Coming of Post-Industrial Society. New York: Basic Books, 1973.

WHICH SECTOR DO THEY WORK IN? FARMER LAWYER BLUE-COLLAR WORKER NURSE WAITRESS BUSINESS CONSULTANT CONSTRUCTION WORKER SHIP BUILDER HAIRDRESSER MINER LUMBERJACK UNIVERSITY PROFESSOR

forestry/ building/ transport/ teaching/ mining/ SORT THEM OUT: forestry/ building/ transport/ teaching/ mining/ shoe production/ quarrying/ car production/ steel production/ shipbuilding/ textile industry/ engineering/ theatre/ real estate Primary sector Secondary Tertiary Secondary:building, shoe produciton, carproduction,

OCCUPATIONAL SHIFT THROUGH SECTORS

HOW MUCH DO YOU KNOW ABOUT…? manufacturing (production of consumer goods) today its historic and geographical features outsourcing & labour costs job security nowadays Read the text on p. 14 in RB and find out more. Make a note-form summary

MANUFACTURING GRAVITATES TO THE EAST EXAMPLES OF GROWTH IN THE EAST: COUNTRY + INDUSTRY 1) 2) 3) REASONS: 1) MANUFACTURING JOBS DECLINE IN THE WEST EXAMPLES : 1) CONSEQUENCES: 1)

MANUFACTURING GROWS IN THE EAST MANUFACTURING GRAVITATES TO THE EAST MANUFACTURING GROWS IN THE EAST 1) China → toys, shoes, steel 2) South Korea→ shipbuilding 3) Bangalore→ skilled labour, hi-tech industries REASONS: 1) low labour costs 2) efficient production methods MANUFACTURING JOBS DECLINE IN THE WEST EXAMPLES : shipbuilding, coal mining, steel industry CONSEQUENCES: unemployment (shipbuilding) outsourcing low job security RB, p. 63

FURTHER PRACTISE LISTENING: THE BUSINESS NEWS (MK, p.46) VOCABULARY: INDUSTRIES & SECTORS (RB, p. 16)

MANUFACTURING AND SERVICES READING 1: STATEMENTS IN SUPPORT OF MANUFACTURING OR SERVICES? MK, p. 45 READING 2: J. K. GALBRAITH’S VIEW ON MANUFACTURING AND SERVICES RB, p. 15