Economic Sectors
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Transcript of Economic Sectors
Economic Sectors
Ms. Patten 2014
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
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
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
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
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
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%
New Brunswick, Canada
The UK
Brazil
Ghana