Economic Sectors

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Economic Sectors

  1. 1. Economic Sectors Ms. Patten 2014
  2. 2. Primary Economic Activities  extracts or harvests products from the earth  includes the production of raw material and basic foods  Hunting and gathering  Farming, livestock herding, fishing  Forestry, lumbering, mining  Extractive sector
  3. 3. Secondary Economic Activities  manufactures finished goods  manufacturing, processing, and construction lies within the secondary sector  converting raw materials (primary products) into intermediate or finished products  metal working and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries and bottlers, construction, and shipbuilding  Manufacturing and production
  4. 4. Tertiary Economic Activities  service industry  provides services to the general population and to businesses  retail and wholesale sales, transportation and distribution, entertainment (movies, television, radio, music, theater, etc.), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law  Offices, banks, hospitals, shops  Facilitate commerce and trade
  5. 5. Quaternary Economic Activities  intellectual activities  government, culture, libraries, scientific research, education, and information technology  Collection and processing and manipulation of     information and capital Finance, administration, insurance, legal services, computer services Requires high levels of specialized knowledge or technical skills White collar professionals Knowledge sector
  6. 6. Quinary Economic Activities  the highest levels of decision making in a society or economy  top executives or officials in such fields as government, science, universities, nonprofit, healthcare, culture, and the media.  Activities involving complex decision making and advancement of human capacities  Scientific research, high level management, government officials  Gold collar
  7. 7.  Luxembourg: $84,700  primary .4%, secondary 13.6%, tertiary 86%  United States: $48,100  primary .7, secondary 20.3, tertiary 79%  Switzerland: $43,400  primary 1.2%, secondary 27.5%, tertiary 71.3%  Brazil: $11,600  primary 5.8%, secondary 26.9%, tertiary 67.3%,  China: $8,400  primary 9.6%, secondary 47.1%, tertiary 43.3%  Liberia: $400  primary 76.9%, secondary 5.4%, tertiary 17.7%
  8. 8. New Brunswick, Canada
  9. 9. The UK
  10. 10. Brazil
  11. 11. Ghana

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