1 / 6

Sectors of the Economy

Sectors of the Economy. The more developed an economy is, the greater number and variety of activities you will find. Economic Classifications. Primary Sector (1 st ). most basic components of economy Activities revolve around getting raw materials from earth

calder
Download Presentation

Sectors of the Economy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sectors of the Economy

  2. The more developed an economy is, the greater number and variety of activities you will find. Economic Classifications

  3. Primary Sector (1st) • most basic components of economy • Activities revolve around getting raw materials from earth • Examples: farming, fishing, raw mining

  4. Secondary Sector (2nd) • processing raw materials acquired through primary activities into finished products of greater value • Activities revolve around factories and manufacturing • Examples: baby food, cars, my Little Pony dolls

  5. Tertiary Sector (3rd) • focuses on moving, selling and trading products made in primary and secondary levels and Services • Activities involve professional and financial institutions and services • Examples: carpet cleaning business, restaurant, banks, grocery stores

  6. Quarternary Sector (4th) • involves information creation and transfer • Activities assemble, distribute and process information • Examples: research, universities or business operations • Quinary Sector (5th) is a subset of the Quarternarythat involves the highest level of decision making like presidential cabinet or high executives at large companies

More Related