Economic Sectors

Economic Sectors

Ms. Patten 2014

Primary Economic Activities

extracts or harvests products from the earth includes the production of raw material and

basic foods

Hunting and gathering Farming, livestock herding, fishing Forestry, lumbering, mining Extractive sector

Secondary Economic Activities

manufactures finished goods manufacturing, processing, and construction

lies within the secondary sector converting raw materials (primary products)

into intermediate or finished products

metal working and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries and

bottlers, construction, and shipbuilding

Manufacturing and production

Tertiary Economic Activities

service industry provides services to the general

population and to businesses retail and wholesale sales, transportation

and distribution, entertainment (movies, television, radio, music, theater, etc.), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law

Offices, banks, hospitals, shops Facilitate commerce and trade

Quaternary Economic Activities

intellectual activities government, culture, libraries, scientific research,

education, and information technology

Collection and processing and manipulation of information and capital

Finance, administration, insurance, legal services, computer services

Requires high levels of specialized knowledge or technical skills

White collar professionals Knowledge sector

Quinary Economic Activities

the highest levels of decision making in a society or economy

top executives or officials in such fields as government, science, universities, nonprofit, healthcare, culture, and the media.

Activities involving complex decision making and advancement of human capacities

Scientific research, high level management, government officials

Gold collar

Luxembourg: $84,700 primary .4%, secondary 13.6%, tertiary 86%

United States: $48,100 primary .7, secondary 20.3, tertiary 79%

Switzerland: $43,400 primary 1.2%, secondary 27.5%, tertiary 71.3%

Brazil: $11,600 primary 5.8%, secondary 26.9%, tertiary 67.3%,

China: $8,400 primary 9.6%, secondary 47.1%, tertiary 43.3%

Liberia: $400 primary 76.9%, secondary 5.4%, tertiary 17.7%

New Brunswick, Canada

The UK

Brazil

Ghana