An economic sector is a certain type of business activity within an economy. Economics is part of the social structure of a society and is concerned with how people produce and consume goods and services. What types of goods and services are produced and consumed in a society depend on geography and social customs. The three major economic sectors are: primary, secondary and tertiary.
The primary sector includes obtaining and refining raw materials such as wood, steel and coal. Primary economic sector workers include loggers, steelworkers and coalminers. All types of natural resources industries such as fishing, farming, forestry, and mining are a part of the primary economic sector.
The secondary sector deals with the processing of raw materials into finished goods. Builders and potters are examples of secondary economic sector workers. Lumber from trees is made into homes and clay from the earth is made into pottery. Brewing, engineering and all types of processing plants are part of the secondary economic sector.However, many of the people working for manufacturing companies do not actually make anything, but they provide services such as administration, law, finance, selling and so on.
The tertiary sector has to do with services that help industry produce and distribute goods to the final consumers. Dry cleaners, real estate agents and loan officers fall into the category of tertiary economic sector workers. Education, leisure, health care, transportation, banking, tourism and retail stores are all part of the tertiary economic sector.
Some people consider government and education to be solely part of the tertiary sector, while others add the quaternary economic sector and the quinary economic sector to the three main sectors.
The quaternary sector is said to be that of intellectual organization in a society such as government, research, cultural programs, Information Technology (IT), education and libraries. The quinary sector is thought to be related to the quaternary sector, but includes only the senior management levels. Top management in non-profit organizations, media, arts, culture, higher education, science and technology and government are all included in the quinary economic sector.
The movement of goods and services through the primary, secondary and tertiary sectors is referred to as the "chain of production". For example, trees are sourced to make paper, then the pulp is processed to create the paper and then the finished product is sold in stores।
The primary sector includes obtaining and refining raw materials such as wood, steel and coal. Primary economic sector workers include loggers, steelworkers and coalminers. All types of natural resources industries such as fishing, farming, forestry, and mining are a part of the primary economic sector.
The secondary sector deals with the processing of raw materials into finished goods. Builders and potters are examples of secondary economic sector workers. Lumber from trees is made into homes and clay from the earth is made into pottery. Brewing, engineering and all types of processing plants are part of the secondary economic sector.However, many of the people working for manufacturing companies do not actually make anything, but they provide services such as administration, law, finance, selling and so on.
The tertiary sector has to do with services that help industry produce and distribute goods to the final consumers. Dry cleaners, real estate agents and loan officers fall into the category of tertiary economic sector workers. Education, leisure, health care, transportation, banking, tourism and retail stores are all part of the tertiary economic sector.
Some people consider government and education to be solely part of the tertiary sector, while others add the quaternary economic sector and the quinary economic sector to the three main sectors.
The quaternary sector is said to be that of intellectual organization in a society such as government, research, cultural programs, Information Technology (IT), education and libraries. The quinary sector is thought to be related to the quaternary sector, but includes only the senior management levels. Top management in non-profit organizations, media, arts, culture, higher education, science and technology and government are all included in the quinary economic sector.
The movement of goods and services through the primary, secondary and tertiary sectors is referred to as the "chain of production". For example, trees are sourced to make paper, then the pulp is processed to create the paper and then the finished product is sold in stores।
1 Task:
Read the article about the three sectors of economy and rewrite it in your own words
2 Task
Define the three sectors of the economy and then classify activities below according to which sector they belong to:
aeorospace
agriculture
airline
banking
beverages
catering
computers
digging iron ore
electronics
engineering
food processing
hotels and restaurants
chemicals
insurance
mining coal
oil
retailing
telecommunications
transport
vehicle manufacturing
3 Task
Match these companies with sectors of industry and the product groups in the chart:
Bayer
Pepsi
British Airways
SEARS
SAAB-SCANIA
Hilton International
Ford
Kia
Istrochem
Slovenská sporiteľna
T-mobile
4 Task
Choose 10 key words from the text „The Three Sectors of the Economy“, then define them and use in the sentences.
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