🌱 Primary Sector: Where it all begins! This sector is involved in extracting raw materials like metals, rubber, and other resources straight from Mother Earth.
🔨 Secondary Sector: The transformation hub! Once the raw materials are extracted, they are processed and turned into finished or semi-finished goods.
🚚 Tertiary Sector: Service time! This sector is all about services, like shipping, selling, and even after-sales services.
💡 Quaternary Sector: The knowledge sector! It deals with information-based services and research.
💡 Fun Fact: These sectors are linked in what we call the production chain. It's like the journey of a product from raw material to the consumer's hands.
Why do sectors change in size? Countries, like humans, grow and change. As they develop, different sectors may become more or less dominant.
Measuring Sector Size: Economists typically look at employment numbers. How many people are working in each sector?
The Social Context: As sectors get more advanced, they need more complex social settings and skilled workers.
Not Always a Straight Line: Technology can change everything! Remember typewriters? Computerized word processors made them almost obsolete. This means some jobs vanish while new, often high-skilled, ones appear.
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟
🌱 Primary Sector: Where it all begins! This sector is involved in extracting raw materials like metals, rubber, and other resources straight from Mother Earth.
🔨 Secondary Sector: The transformation hub! Once the raw materials are extracted, they are processed and turned into finished or semi-finished goods.
🚚 Tertiary Sector: Service time! This sector is all about services, like shipping, selling, and even after-sales services.
💡 Quaternary Sector: The knowledge sector! It deals with information-based services and research.
💡 Fun Fact: These sectors are linked in what we call the production chain. It's like the journey of a product from raw material to the consumer's hands.
Why do sectors change in size? Countries, like humans, grow and change. As they develop, different sectors may become more or less dominant.
Measuring Sector Size: Economists typically look at employment numbers. How many people are working in each sector?
The Social Context: As sectors get more advanced, they need more complex social settings and skilled workers.
Not Always a Straight Line: Technology can change everything! Remember typewriters? Computerized word processors made them almost obsolete. This means some jobs vanish while new, often high-skilled, ones appear.
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟