SECTORS OF THE ECONOMY

THE DIFFERENT SECTORS OF THE ECONOMY How many different people have worked “for you” today? Bus driver miner telecommunications the authors of your textbook Car producer farmer teacher Lumberjack shoe maker TV presenter coffee grower How manyBank different people clerk waitress taylorhave worked nurse“for you” today? construction worker Hairdresser Can you group them? farmer miner Lumberjack coffee grower shoe maker coffee grower Car producer construction worker Bus driver waitress nurse Hairdresser Bank clerk telecommunications the authors of your textbook teacher What sectors of the economy they belong to? Three (plus one) sectors of the economy PRIMARY SECTOR - extracting or harvesting products from the earth; producing raw materials and basic foods SECONDARY SECTOR - manufactures or processes finished goods from raw materials - Capital goods - used in the production of other goods, sold to other manufacturers - Consumer goods - sold directly to the final consumer to be used by them TERTIARY SECTOR (service sector) - provides services to businesses and private individuals THE QUATERNARY SECTOR - knowledge-based/information services - originally part of the tertiary sector; growing importance - management of information PRIMARY: Agriculture (coffee beans) SECONDARY: factory (coffee production) TERTIARY: coffee shop (a cup of coffee) + QUARTERNARY: IT, R&D Do you know?    How big is the primary sector in Europe and the USA? The secondary? And the tertiary? Source: http://www.bbc.co.uk/schools/gcsebitesize/geography/economic_change/ characteristics_industry_rev2.shtml Europe  Primary sector – less than 5% population  Secondary sector – 20-30%  Tertiary sector – 60 % Croatia (2008 data):  Agriculture %  Industry 31.3 %  Services 63.6 % Why? Source: http://www.economywatch.com/world_economy/croatia/structure-of-e conomy.html Words to remember             e _ activity G _ economy r materials b food c goods c goods f goods t improvements p a service i _ services d countries d countries             Economic activity Global economy Raw materials Basic foods Capital goods Consumer goods Finished goods Technological improvements Provide a service Information services Developed countries Developing countries Memo, 5-7       labour-intensive extract harvest capital goods consumer goods outsourcing PRIMARY SECTOR M _ N _ NG F_SH_NG F_R_STRY PRIMARY SECTOR M I N I NG FISHING FORESTRY PRIMARY SECTOR F_RM_NG PRIMARY SECTOR FARMING PRIMARY SECTOR  RACEINGXTT OIL FROM THE EARTH  VESHARTING THERGAING  PRIMARY SECTOR  EXTRACTING OIL FROM THE EARTH  HARVESTING GATHERING  PRIMARY SECTOR : agriculture and extraction of raw FARMING materials from theEXTRACTING earth OIL FROM THE FORESTRY FISHING MINING EARTH HARVESTING GATHERING BUILDING MAKING MACHINES FOR INDUSTRY MAKING PRODUCTS FOR CONSUMERS Elicit 10 industries SECONDARY SECTOR: Some industries: Confectionery industry pharmaceutical industry Transport industry textiles industry Toiletries industry household goods industry Defence industry automotive industry beverages and food industry TERTIARY SECTOR /tɜ:r ʃiɛr i/ or /tɜ:rʃəri/ Providing services to the general population To businesses = help industry produce and distribute goods to their final consumers + education, healthcare, leisure, tourism etc Brainstorm – professions in the tertiary sector TERTIARY SECTOR Trade, commerce:  Banking  Insurance  Communications  Retailing  Advertising  Legal practice Direct services:  Teachers  Doctors  Hairdressers  Waiters  Shop assistants  Transportation THE QUATERNARY SECTOR? ‘kwo:tɜ:nəri INFORMATION AND KNOWLEDGE-BASED SERVICES Computing ICT (information and communication technologies) consultancy (advice to businesses) R&D (Research and development, science) Broader definition: also news media, libraries, education, culture EX 8-9  I am responsible for I own  I am in charge of  I run a  I deal with  I work in / at / for  I delegate  I started my own business  I make decisions about  My job is to make sure  I work very long hours that  I graduated from  I am the first point of  I specialize in How to talk about your job contact     My working hours are flexible, I am skilled at I am paid on commission ... of your textbook teacher What sectors of the economy they belong to? Three (plus one) sectors of the economy PRIMARY SECTOR - extracting or harvesting products from the earth; producing raw materials... factory (coffee production) TERTIARY: coffee shop (a cup of coffee) + QUARTERNARY: IT, R&D Do you know?    How big is the primary sector in Europe and the USA? The secondary? And the tertiary?... materials - Capital goods - used in the production of other goods, sold to other manufacturers - Consumer goods - sold directly to the final consumer to be used by them TERTIARY SECTOR (service sector)