structure of the economy f economic activities are divided into stages or categories of increasing...

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Structure of the Economy Economic activities are divided into stages or categories of increasing complexity – Primary Sector – Secondary Sector – Tertiary Sector – Quaternary Sector Primary Secondary Tertiary Quaternary

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Structure of the Economy

Economic activities are divided into stages or categories of increasing complexity– Primary Sector– Secondary Sector– Tertiary Sector– Quaternary Sector

Primary

Secondary

Tertiary

Quaternary

Economic SectorsStructure of the Economy

Primary Industry - extraction of resources from the earth

farming, mining, lumber harvest, fishing

Primary Sector

The direct extraction of material from the earth. Generally, through agriculture, but also through mining, fishing and forestry.

Many developing nations still rely on the primary sector as a source of employment and export earnings.

Interesting Facts

It is estimated that as much as 75 percent of the people in India are working in agriculture.

Less than 5 percent (maybe 3) of the work force is involved in agriculture in the United States.

Rice Farming in Vietnam - primary industry

Vietnam

Costa Rica

Economic SectorsStructure of the Economy

Secondary Industry - processing and manufacturing of resources

manufacturing

Secondary Sector

The manufacturing or processing of primary products.

Associated with the Industrial Revolution.

Interesting Fact

Currently, only about 15 percent of manufacturing comes from developing countries, but this figure is rising due to policies set forth by the IMF and various multilateral agreements.

Sugar Refining Plant

Timber Processing -Humboldt

Mazarotti Plant - Italy

Economic SectorsStructure of the Economy

Tertiary Industry - distribution of goods and services

trucking, banking, retail store outlets, groceries

Tertiary Sector

Providing services, such as: financial, retail, government, transportation, marketing, legal, etc…

Employs most of the labor force in the developed world.

“Post-Industrial”

Hospital in Nepal

New York Stock Exchange - Trade & Finance

Mexico Trading Floor

Economic SectorsStructure of the Economy

Quaternary Industry - processing and dissemination of information

The “Information Economy”, services related to information and research.

education, research & development, cyber space

Servers/hubs - note exclusion of S. Hemisphere

Satellite Connections - note leap frogging of Africa

China, the birthplace of your Nike'sChina, the birthplace of your Nike's

Port of Hong KongChina, the birthplace of your Nike'sChina, the birthplace of your Nike's

Unloaded at the port of Long Beach, near LA

To Wholesale To Wholesale Center in MidwestCenter in Midwestby Railby Rail

To DistributionTo DistributionCenter by TruckCenter by Truckand Eventually theand Eventually theRetail OutletRetail Outlet

Price: $80 (or one month of Price: $80 (or one month of wages in China)wages in China)

Alternative: Consumer action

Students pressure universities to sign on toWorkers Rights Consortium, to ensure that

college apparel is not made in “sweatshops”http://www.workersrights.org http://www.people.fas.harvard.edu/~fragola/usas/index.html