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  • The Different Sectors of The Economy

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    Buri Bálint
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    The document defines the different sectors of the economy. The primary sector involves extracting raw materials from natural resources. The secondary sector transforms raw materials into manufactured goods through industrial processes like manufacturing. The tertiary sector provides services rather than producing physical goods, such as commercial services that help distribute goods and services. The quaternary sector includes knowledge-intensive services like information technology and research and development. The quinary sector consists of high-level decision makers such as government officials, CEOs, and research scientists.

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    The different sectors of the economy

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    The document defines the different sectors of the economy. The primary sector involves extracting raw materials from natural resources. The secondary sector transforms raw materials into manufactured goods through industrial processes like manufacturing. The tertiary sector provides services rather than producing physical goods, such as commercial services that help distribute goods and services. The quaternary sector includes knowledge-intensive services like information technology and research and development. The quinary sector consists of high-level decision makers such as government officials, CEOs, and research scientists.

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    © All Rights Reserved
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    4 views1 page

    The Different Sectors of The Economy

    Uploaded by

    Buri Bálint
    The document defines the different sectors of the economy. The primary sector involves extracting raw materials from natural resources. The secondary sector transforms raw materials into manufactured goods through industrial processes like manufacturing. The tertiary sector provides services rather than producing physical goods, such as commercial services that help distribute goods and services. The quaternary sector includes knowledge-intensive services like information technology and research and development. The quinary sector consists of high-level decision makers such as government officials, CEOs, and research scientists.

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    The different sectors of the economy

    Definition: An economic sector is part of the economy where a particular business activity is
    undertaken.
    Primary Sector: Work performed in this sector produces raw materials and agricultural good. /
    using natural resources.
    Secondary Sector: Work performed in this sector involve turning raw materials into more
    valuable, manufactured items. (=manufacturing industry)
    Tertiary Sector / Service Sector: Work performed in this sector does not actually produce
    anythin, but involve people providing services to others.
    The commercial services that help industries in distributing goods and services to their final
    customers.
    Quaternary Sector: Services, which requier more expertise e.g.: information services
    Jobs: computing, ICT (information and communication technologies), consultancy (offering
    advice to businesses), R&D (research and development).
    Quinary Sector: Government official, top executives, CEOs, research scientist are tipically
    found (=decision making sector)
    Military, non-profit organizations, charities.

    Feladatok:
    Fee, piracy, leaflets, special offer, value, damage, receipt, emission, interest, semi-skilled, loyalty,
    economical, acquisition, bailout, secrecy
    T, F, F, F, T, T

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