Tuesday, May 21, 2019
Sector of Economic Activities
The primary election sector of the sparing extracts or harvests products from the earth. The primary sector implicates the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and commercial), mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying. The packaging and processing of the raw material associated with this sector is also considered to be incision of this sector. In developed and developing countries, a decreasing likeness of workers are involved in the primary sector.About 3% of the U. S. abor force is engaged in primary sector activity today, while to a greater extent than two-thirds of the labor force were primary sector workers in the mid-nineteenth century. Secondary Sector The secondary sector of the saving manufactures finished goods. All of manufacturing, processing, and construction lies within the secondary sector. Activities associated with the secondary se ctor include metal operative and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries and bottlers, construction, and shipbuilding.Tertiary Sector The 3rd sector of the economy is the service industry. This sector provides services to the general population and to businesses. Activities associated with this sector include retail and wholesale sales, loony toons and distribution, entertainment (movies, television, radio, music, theater, etc. ), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law. In most developed and developing countries, a growing proportion of workers are devoted to the tertiary sector. In the U. S. , more than 80% of the labor force are tertiary workers.
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