SECTORS OF THE ECONOMY

Sectors of ProductionThere are many types of production; Farms, factories, teachers &hospitals all producing different types of goods and services. The various types of production can be grouped into 3 sectors

Primary

Secondary

Tertiary

Primary Sector

This is “extractive type” production, such asmining, farming, forestry & fishing, where goodsare extracted from nature.

Primary production is production from naturalresources

Secondary Production

Secondary Producers use the resourcesextracted by primary production and take the astage further by manufacturing or construction

Tertiary Production

These are service type producers such asbankers, teachers, shop assistants &transporters

The Production Process

Each of the sectors are linked in the productionprocess. This means they are interdependent.Each sector relies on another to complete theproduction of a good or service.

Bean to Bar

How do we get a peanut slab? Draw up the production process for aWhittakers Peanut Slab using a flow chart. Ensure you indicate clearly how it moves fromeach sector.

Interdependence

Each sector is said to be mutually reliant on each other. Thismeans that each sector needs another sector to complete

theProduction process for their good & ultimately get their

productto their consumer. Implications…. “Construction Industry in Turmoil” What does this mean? How does this effect other sectors?

“Construction Industry in Turmoil”Lately the construction is suffering from a decline in business.Demand for construction has decreased. This affects the othersectors because….

Demand for raw materials (Wood, Steel etc)

Demand for Transport of the raw materials

Demand for Architects, Lawyers, Advertising,

Marketing, Real Estate, Sales assistants

PrimarySecondary

Tertiary