Economic sector - Wikipedia

Economic sector · Primary: involves the retrieval and production of raw materials, such as corn, coal, wood or iron. · Secondary: involves the transformation of ... Economicsector FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch Economicsectors Three-sectormodel Primarysector(rawmaterials)Secondarysector(manufacturing)Tertiarysector(services) Additionalsectors Quaternarysector(informationservices)Quinarysector(humanservices) Theorists AGBFisher ·ColinClark ·JeanFourastié Sectorsbyownership Businesssector ·Privatesector ·Publicsector ·Voluntarysector vte Economicalterm Percentagesofacountry'seconomymadeupbydifferentsectors.Countrieswithhigherlevelsofsocio-economicdevelopmenttendtohaveproportionallylessoftheireconomiesoperatingintheprimaryandsecondarysectorsandmoreemphasisonthetertiarysector.Thelessdevelopedcountriesexhibittheinversepattern. ThreesectorsaccordingtoFourastié Clark'ssectormodel Oneclassicalbreakdownofeconomicactivitydistinguishesthreesectors:[1] Primary:involvestheretrievalandproductionofrawmaterials,suchascorn,coal,woodoriron.Coalminers,farmersandfishermenareallworkersintheprimarysector. Secondary:involvesthetransformationofraworintermediatematerialsintogoods,asinsteelintocars,ortextilesintoclothing.Buildersanddressmakersworkinthesecondarysector. Tertiary:involvesthesupplyingofservicestoconsumersandbusinesses,suchasbabysitting,cinemasorbanking.Shopkeepersandaccountantsworkinthetertiarysector. Inthe20thcentury,economistsbegantosuggestthattraditionaltertiaryservicescouldbefurtherdistinguishedfrom"quaternary"andquinaryservicesectors.Economicactivityinthehypotheticalquaternarysectorcomprisesinformation-andknowledge-basedservices,whilequinaryservicesincludeindustriesrelatedtohumanservicesandhospitality.[2] Economictheoriesdivideeconomicsectorsfurtherintoeconomicindustries. Contents 1Historicevolution 2Byownership 3Seealso 4References Historicevolution[edit] Aneconomymayincludeseveralsectorsthatevolvedinsuccessivephases: Theancienteconomybuiltmainlyonthebasisofsubsistencefarming. Theindustrialrevolutionlessenedtheroleofsubsistencefarming,convertingland-usetomoreextensiveandmonoculturalformsofagricultureoverthelastthreecenturies.Economicgrowthtookplacemostlyinthemining,constructionandmanufacturingindustries. Intheeconomiesofmodernconsumersocieties,services,finance,andtechnology—theknowledgeeconomy—playanincreasinglysignificantrole. Eveninmoderntimes,developingcountriestendtorelymoreonthefirsttwosectors,incontrasttodevelopedcountries. Byownership[edit] Aneconomycanalsobedividedalongdifferentlines: Publicsectororstatesector Privatesectororprivatelyrunbusinesses Voluntarysector Seealso[edit] Three-sectortheory JeanFourastié Industryclassification InternationalStandardIndustrialClassification NorthAmericanIndustryClassificationSystem–asampleapplicationofsector-orientedanalysis Divisionoflabour Economicdevelopment References[edit] ^ZoltanKenessey."ThePrimary,Secondary,TertiaryandQuaternarySectorsoftheEconomy"(PDF).TheReviewofIncomeandWealth.Retrieved20April2012.RegardingtheterminologyitselfClarkinformsthat"thetermtertiaryindustrieswasoriginatedbyProfessorA.G.B.FisherinNewZealand,andbecamewidelyknownthroughthepublicationofhisbook,TheClashofProgressandSecurity,in1935.IttookitsoriginfromthetitlescurrentinAustraliaandNewZealandof'primaryindustry'foragriculture,grazing,trapping,forestry,fishingandmining,and'secondaryindustry'formanufacture.InAustraliaandNewZealandthesetermsarenotonlyusedinstatisticalreferencebooksbutarewidelycurrentinpopulardiscussion.Thephrase'tertiaryindustries'thereforeimmediatelycarries,inthesecountries,asuggestionofthoseexcludedbytheofficialdefinitionof'secondaryindustries." ^ MattRosenberg(14January2007)."SectorsoftheEconomy".About.com.Retrieved20April2012. AuthoritycontrolGeneral IntegratedAuthorityFile(Germany) Other MicrosoftAcademic Retrievedfrom"https://en.wikipedia.org/w/index.php?title=Economic_sector&oldid=1056829112" Categories:EconomicsectorsHiddencategories:ArticleswithshortdescriptionShortdescriptionisdifferentfromWikidataArticleswithGNDidentifiersArticleswithMAidentifiers Navigationmenu Personaltools NotloggedinTalkContributionsCreateaccountLogin Namespaces ArticleTalk Variants expanded collapsed Views ReadEditViewhistory More expanded collapsed Search Navigation MainpageContentsCurrenteventsRandomarticleAboutWikipediaContactusDonate Contribute HelpLearntoeditCommunityportalRecentchangesUploadfile Tools WhatlinkshereRelatedchangesUploadfileSpecialpagesPermanentlinkPageinformationCitethispageWikidataitem Print/export DownloadasPDFPrintableversion Inotherprojects WikimediaCommons Languages AfrikaansالعربيةCatalàČeštinaDeutschEestiΕλληνικάEspañolEsperantoEuskaraفارسیFrançaisBahasaIndonesiaItalianoעבריתҚазақшаLatinaMagyarNederlandsPolskiPortuguêsRomânăРусскийSimpleEnglishУкраїнськаVènetoTiếngViệt中文 Editlinks