This sectors form a chain of production which provides customers with finished goods or services.
The movement of goods and services through the primary, secondary and tertiary sectors is referred to as the chain of production.. For example, trees are sourced to make paper, then the pulp is processed to create the paper and then the finished product is sold in stores. Economics is part of the social structure of a society and is concerned with how people produce and consume goods and services. What types of goods and services are produced and consumed in a society depend on geography and social customs. The three major economic sectors are: primary, secondary and tertiary. [for QUATERNARY ... see final paragraph, below]. The PRIMARY economic sector includes obtaining and refining raw materials such as wood, steel and coal. Primary economic sector workers include loggers, steelworkers and coalminer 1 Primary: Involves the retrieval and production of raw materials, such as corn, coal, wood and iron. ( 2 A coal miner and a fisherman would be workers in the primary sector.). 3  Secondary: Involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors. BREAKING DOWN 'Tertiary Industry'. The tertiary industry is one of three industry types in a developed economy, the other two being the primary (raw materials) and secondary (goods production) industries. As an economy becomes more developed, it will shift its focus from primary to secondary and tertiary industries. DEFINITION of 'Tertiary Industry'. The segment of the economy that provides services to its consumers. This includes a wide range of businesses including financial institutions, schools, transports and restaurants. Also known as tertiary sector of industry, or service industry/sector. Product’s lifecycle. The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining). For the last 100 years, there has been a substantial shift from the primary and secondary sectors to the tertiary sector in industrialised countries. This shift is called tertiarisation. Primary, secondary and tertiary sectors. There are three main types of industry in which firms operate. These sectors form a chain of production which provides customers with finished goods or services. Primary production: this involves acquiring raw materials. For example, metals and coal have to be mined, oil drilled from the ground, rubber tapped from trees, foodstuffs farmed and fish trawled. Tertiary production: this refers to the commercial services that support the production and distribution process, eg insurance, transport, advertising, warehousing and other services such as teaching and health care. Your web browser does not have JavaScript switched on at the moment. The economy of a modern world can be discussed in terms of three sectors: primary, secondary and tertiary. The primary sector is the part of the economy generated by extracting raw materials directly from the Earth for consumption or sale. The secondary sector is the part of the economy that transforms the raw materials into goods for sale or consumption. The tertiary sector is the part of the economy that involves the sale or trade of services instead of goods. 1 (A coal miner and a fisherman would be workers in the primary sector.). 2  Secondary: Involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. ( 3 A builder and a dressmaker would be workers in the secondary sector.). This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors. By Matt Rosenberg. A nations economy can be divided into various sectors to define the proportion of the population engaged in the activity sector. This categorization is seen as a continuum of distance from the natural environment. The packaging and processing of the raw material associated with this sector is also considered to be part of this sector. In developed and developing countries, a decreasing proportion of workers are involved in the primary sector.
https://answers.yahoo.com/question/index?qid=20080226120606AAuFlf2 https://en.wikipedia.org/wiki/Economic_sector http://www.investopedia.com/terms/t/tertiaryindustry.asp https://en.wikipedia.org/wiki/Tertiary_sector_of_the_economy http://www.bbc.co.uk/schools/gcsebitesize/business/aims/aimsandactivitiesrev3.shtml http://study.com/academy/lesson/the-modern-economy-primary-secondary-tertiary-sectors.html https://en.wikipedia.org/wiki/Economic_sector http://geography.about.com/od/urbaneconomicgeography/a/sectorseconomy.htm
primary secondary and tertiary sectors definition