THE DIFFERENT SECTORS OF THE ECONOMY

RB, p. 14-16

MK U7

THE THREE SECTORSPRIMARY SECTOR involves extracting raw

materials and natural resources from the earth.

Examples?

SECONDARY SECTOR includes manufacturing, processing and construction which transform raw materials into goods.

Examples?

TERTIARY SECTOR involves the provision of services.

Examples? /ˈtɜr ʃiˌɛr i, ˈtɜr ʃə ri/

EXTRACTING OIL FROM THE EARTH

AGRICULTUREFARMINGHARVESTING

MINING COALFISHINGFORESTRY

EXAMPLES

EXAMPLES

• PROCESSING WOOD• ASSEMBLING A CAR• CONSTRUCTING A MACHINE• MANUFACTURING FURNITURE• PRODUCING A BAG

INSURANCESALESBANK RETAILHOSPITALITY

INDUSTRY

NEWS & MEDIA LEGAL PRACTISE REAL ESTATE HEALTHCARETRANSPORTATIO

N

EXAMPLES

FINISH THE SENTENCE…Primary sector involves...extracting raw…materials and natural resources from… the earth.Secondary sector includes manufacturing,

processing and construction which transform raw…

materials into… goods.Tertiary sector involves the provision of…services.

MORE SECTORS…(SUBSETS OF THE TERTIATY SECTOR?)

THE QUATERNARY SECTOR

information and knowledge-based services (intellectual services)

EXAMPLES

computing, ICT, consultancy, R&D

MORE SECTORS…(SUBSET OF THE TERTIATY SECTOR?)

THE QUINARY SECTOR

senior management levels in non-profit organizations, media, arts, culture, higher

education, science and technology…

FURTHER RESEARCH: DIFFERENCE BETWEEN QUATERNARY AND QUINARY SECTOR

WHICH SECTOR DO THEY WORK IN?

FARMER LAWYERBLUE-COLLAR WORKERNURSEWAITRESSBUSINESS CONSULTANT

CONSTRUCTION WORKERSHIP BUILDERHAIRDRESSERMINERLUMBERJACKUNIVERSITY PROFESSOR

Primarysector

Secondarysector

Tertiarysector

forestry/ building/ transport/ teaching/ mining/

shoe production/ quarrying/ car production/

steel production/ shipbuilding/ textile industry/ engineering/ theatre/ real estate

SORT THEM OUT:

OCCUPATIONAL SHIFT THROUGH SECTORS

HOW MUCH DO YOU KNOW ABOUT…?

manufacturing (production of consumer goods) today

its historic and geographical features

outsourcing & labour costs

job security nowadays

Read the text on p. 14 in RB and find out more.

Make a note-form summary

MANUFACTURING GRAVITATES TO THE EAST

EXAMPLES OF GROWTH IN THE EAST: COUNTRY + INDUSTRY 1) 2) 3)

REASONS: 1) 2)

MANUFACTURING JOBS DECLINE IN THE WEST

EXAMPLES : 1) 2) 3)CONSEQUENCES: 1) 2) 3)

MANUFACTURING GRAVITATES TO THE EAST

MANUFACTURING GROWS IN THE EAST 1) China → toys, shoes, steel 2) South Korea→ shipbuilding 3) Bangalore→ skilled labour, hi-tech industries REASONS: 1) low labour costs 2) efficient production methods

MANUFACTURING JOBS DECLINE IN THE WEST

EXAMPLES : shipbuilding, coal mining, steel industry CONSEQUENCES: unemployment (shipbuilding)

outsourcing low job security RB, p. 63

FURTHER PRACTISE

LISTENING:

THE BUSINESS NEWS (MK, p.46)

VOCABULARY:

INDUSTRIES & SECTORS (RB, p. 16)

MANUFACTURING AND SERVICES

READING 1:

STATEMENTS IN SUPPORT OF MANUFACTURING OR SERVICES?

MK, p. 45

READING 2:

J. K. GALBRAITH’S VIEW ON MANUFACTURING AND SERVICES RB, p. 15