lunes, 13 de octubre de 2014

The Three Sector Of Economy

Economy is described as consisting of the three sectors:

1- The Primary Sector
Agriculture, and the extraction of raw materials from the earth such as coal, wood and iron. The type of workers in this sector include farmers, coal miners and hunters.
In most countries, there is a decline in the proportion of the population that works in the primary sector. Currently, only an approximate of 3% of labor force is engaged in this sector.




2- The Secondary Sector
Manufacturing industry, in which raw materials are turned into finished products (although of course many of the people working for manufacturing companies do not actually make anything, but provide a service administration, law, finance, marketing, selling, computing, personnel, and so one). The type of workers in this sector include a seamstress, factory worker or craftsman.

Currently, around 20% of the labor force is involved in the secondary sector.



3- The Tertiary Sector
The supplying of services to consumers and businesses, as well as activities such as education, health care, tourism and so on. The type or workers in this sector include restaurant bartenders, accountants and pilots.

The supplying of industry makes up 80% of the labor force today.


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