THE SECTORS OF ECONOMY THERE ARE THREE SECTORS

THE SECTORS OF ECONOMY

THERE ARE THREE SECTORS OF ECONOMY � Primary Sector � Secondary � Tertiary Sector sector

There are many different types of industry. We can classify industry into four main categories: Primary Secondary These industries extract raw materials directly from the earth or sea. These industries process and manufacture products from raw materials. Tertiary These industries provide a service.

PRIMARY SECTOR �A primary sector is a sector whereby the raw materials are extracted from earth. Chicken poultry farming

�A secondary sector is a sector whereby the raw material that is extracted from earth is converted to semi- finished goods or finished goods.

�A tertiary sector is a sector that transports and distributes goods to retailers or wholesalers. Meat and eggs sold in a supermarket Vegetables sold in a supermarket

THE IMPORTANCE OF EACH SECTOR � Each sector is important because if there was one sector that did not exist there other sectors would also not exist. And it would have a bad If there was no tomato farmers(primary sector), influence in our economy there would be no harvesting(secondary sector) of tomatoes and therefore the woman on the picture would have no tomatoes to add on her food(tertiary sector). Also if there was no harvesting, the tomato farmers would lose their business as there is no one who will harvests the tomatoes and the woman would have nowhere were she would buy the tomatoes because no one harvested the tomatoes. And if there was no one who wants to buy the tomatoes, the harvesters would not but tomatoes from the farmers because there is no demand for tomatoes.

REMEMBER TAKE IT… MAKE IT… SELL IT… THINK IT…