• Source: Economic sector

One classical breakdown of economic activity distinguishes three sectors:

Primary: involves the retrieval and production of raw-material commodities, such as corn, coal, wood or iron. Miners, farmers and fishermen are all workers in the primary sector.
Secondary: involves the transformation of raw or intermediate materials into goods, as in steel into cars, or textiles into clothing. Builders and dressmakers work in the secondary sector.
Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector.
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 industries related to human services and hospitality.
Economic theories divide economic sectors further into economic industries.




Historic evolution


An economy may include several sectors 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
Industry Classification Benchmark
North American Industry Classification System – a sample application of sector-oriented analysis
Division of labour
Economic development




References

Kata Kunci Pencarian:

• Britania Raya
• Ekonomi Indonesia
• Max Corden
• Selandia Baru
• Rail India Technological and Economic Services
• Globalisasi
• Febrio Nathan Kacaribu
• Adani Group
• Food Estate
• Ekonomi Turki
• Economic sector
• Tertiary sector of the economy
• Primary sector of the economy
• Secondary sector of the economy
• List of countries by GDP sector composition
• Sector
• Public sector
• Quaternary sector of the economy
• Economy of Bangladesh
• Private sector