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The Chain of Production

The Chain of Production. The Sectors of the Economy. Primary Sector – Extractive Industry Secondary Sector – Construction & Manufacturing Tertiary Sector – Service Sector. Primary Sector. Also known as extractive insdustry.

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The Chain of Production

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  1. The Chain of Production

  2. The Sectors of the Economy • Primary Sector – Extractive Industry • Secondary Sector – Construction & Manufacturing • Tertiary Sector – Service Sector

  3. Primary Sector • Also known as extractive insdustry. • Turns natural resources into raw materials for use in secondary sector. • Eg. agriculture/farmer, forestry, fishing, mining.

  4. Secondary Sector • The manufacturing & construction sector of the economy. • It turns raw materials into finished products. • e.g. Baker, builder, factory, machinist……

  5. Tertiary Sector • Service Sector. • Provides support services for the extractive & manufacturing sectors and to consumers. • e.g. finance, insurance, medical, beauty, recreation……… • It is the last to develop, but eventually becomes largest employer.

  6. Distinguish Between Chain/channels of Distribution How/where the product is sold Manufacturer Wholesaler Retailer Consumer Chain of Production How the product is created • Primary Sector • Secondary Sector • Tertiary Sector

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