Presentation on theme: "Structure of the Economy F Economic activities are divided into stages or categories of increasing complexity –Primary Sector –Secondary Sector –Tertiary."— Presentation transcript:
Structure of the Economy F Economic activities are divided into stages or categories of increasing complexity –Primary Sector –Secondary Sector –Tertiary Sector –Quaternary Sector Primary Secondary Tertiary Quaternary
Economic Sectors Structure of the Economy F Primary Industry - extraction of resources from the earth u farming, mining, lumber harvest, fishing
Primary Sector F The direct extraction of material from the earth. Generally, through agriculture, but also through mining, fishing and forestry. F Many developing nations still rely on the primary sector as a source of employment and export earnings.
Interesting Facts It is estimated that as much as 75 percent of the people in India are working in agriculture. Less than 5 percent (maybe 3) of the work force is involved in agriculture in the United States.
Economic Sectors Structure of the Economy F Secondary Industry - processing and manufacturing of resources u manufacturing
Secondary Sector F The manufacturing or processing of primary products. F Associated with the Industrial Revolution.
Interesting Fact Currently, only about 15 percent of manufacturing comes from developing countries, but this figure is rising due to policies set forth by the IMF and various multilateral agreements.
Economic Sectors Structure of the Economy F Quaternary Industry - processing and dissemination of information u The “Information Economy”, services related to information and research. u education, research & development, cyber space
Alternative: Consumer action Students pressure universities to sign on to Workers Rights Consortium, to ensure that college apparel is not made in “sweatshops” http://www.workersrights.orghttp://www.workersrights.org http://www.people.fas.harvard.edu/~fragola/usas/index.htmlhttp://www.people.fas.harvard.edu/~fragola/usas/index.html