give example for primary &secondary industries
Answers
Answer:
Primary sector – extraction of raw materials – mining, fishing and agriculture.
Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.
Answer:
Economic sector
Economical term
One classical breakdown of economic activity distinguishes three sectors:
Primary: involves the retrieval and production of raw materials, such as corn, coal, wood and iron. (A coal miner, farmer or fisherman would be workers in the primary sector.)
Secondary: involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. (A builder and a dressmaker would be workers in the secondary sector.)
Tertiary: involves the supplying of services to consumers and businesses, such as baby-sitting, cinema and banking. (A shopkeeper and an accountant would be workers in the tertiary sector.)
This figure illustrates the percentages of a country's economy made up by different sectors. The figure illustrates that countries with higher levels of socio-economic development tend to have proportionally less of their economies operating in the primary and secondary sectors and more emphasis on the tertiary sector. The less developed countries exhibit the inverse pattern.
Three sectors according to Fourastié
Clark's sector model
In the 20th century, economists began to suggest that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors. Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industry related to human services and hospitality.
Historic evolution
An economy may include several sectors (also called "industries") that evolved in successive phases:
The ancient economy built mainly on the basis of subsistence farming.
The industrial revolution lessened the role of subsistence farming, converting land-use to more extensive and monocultural forms of agriculture over the last three centuries. Economic growth took place mostly in the mining, construction and manufacturing industries.
In the economies of modern consumer societies, services, finance, and technology – the knowledge economy – play an increasingly significant role.
Even in modern times, developing countries tend to rely more on the first two sectors, in contrast to developed countries.
By ownership
An economy can also be divided along different lines:
Public sector or state sector
Private sector or privately run businesses
Voluntary sector
See also
Three-sector theory
Jean Fourastié
Industry classification
International Standard Industrial Classification
North American Industry Classification System – a sample application of sector-oriented analysis
Division of labour
Economic development
References
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Dual-sector model
The dual-sector model is a model in development economics. It is commonly known as the Lewis model after its inventor W. Arthur Lewis. It explains the growth of a developing economy in terms of a labour transition between two sectors, the capitalist sector and the subsistence sector.
Service industries
Type of industry
Outline of industry
Overview of and topical guide to industry
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