1. The economic infrastructure
SECTORS OF THE ECONOMY
The economic infrastructure

4. ECONOMY IS THE SYSTEM BY WHICH
WEALTH IS PRODUCED AND USED
MONEY, INDUSTRY AND TRADE ARE
ORGANISED
GOODS AND SERVICES ARE PRODUCED
AND USED

6. THE PRIMARY SECTOR Raw materials (natural resources)
1. Extracted (mining, quarrying)
2. Grown (forestry, farming, breeding animals)
3. Collected (fishing)

7. THE SECONDARY SECTOR Manufacturing
(turning raw materials into finished goods)
Capital goods
Consumer goods
Building and construction

8. (welding equipment, delivery vans)
1. CAPITAL GOODS
help make other goods
help provide services
(welding equipment, delivery vans)

9. Straight to the final consumer Consumables – get used up
2. CONSUMER GOODS
Straight to the final consumer
Consumables – get used up
(pencils, cans)
Consumer durables – last longer
(TV, cars, fridges)

10. 3. BUILDING AND CONSTRUCTION
UTILITIES
(water supply, gas, electricity)

11. THE TERTIARY or SERVICE SECTOR
Services for:
Businesses (distribution of goods,
warehousing, advertising)
Consumers (hairdressing, restaurants)
Businesses + consumers
(banking, insurance,
communication, post)

12. The commercial services help industry produce and distribute goods to end users Tourism Education Healthcare Banking Retail and Wholesale Leisure

14. THE QUATERNARY SECTOR Information services – computing, ICT
Consultancy
R&D (scientific fields)
The news media
Libraries
Universities / colleges
Culture in general

15. WHICH SECTOR DO THEY WORK IN?
business consultant_________________________
doctor________________________________________
waiter________________________________________
farmer_______________________________________
shipbuilder _________________________________
fisherman__________________________________
blue-collar worker ________________________
real estate agent__________________________
HW: RB: p 16
MK: p 45

16. RB: p.15 J.K.GALBRAITH: Decline of manufacturing Finish the expressions mentioned in the text and make a paragraph on the loss of manufacturing industry
___________ industrial countries
___________ developments
___________ industry
big cities live on _________ and ________________
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

17. ADD VERBS IN THE CORRECT FORM TO THE FOLLOWING SENTENCES:
Raw materials are ________________from the ground, grown
or ____________________, and then either __________________or
______________into finished goods. Before finished goods are
sold they often have to be __________________ and _____________.
RB: p.14
Why does manufacturing gravitate to the East?
Manufacturing jobs decline in the West. What are the consequences?

18. This video will help you to summarize the changes:
RB: pp.15 answer the questions Watch the videos and summarize the changes in the three sectors of the economy.
This video will help you to summarize the changes:
Writing Skills: The Paragraph