Economic sector facts for kids
One method is by the three-sector hypothesis:
- Primary sector extracts natural materials and provides raw materials for secondary industry.
- Secondary sector processes raw materials or semi-finished goods into more valuable products.
- Tertiary sector is the provision of services.
- Some economists like to list a Quaternary sector as related to application, manipulation and transmission of information.
Images for kids
This figure illustrates the percentages of a country's economy made up by different sectors. The figure illustrates that countries with higher levels of socio-economic development tend to have proportionally less of their economies operating in the primary and secondary sectors and more emphasis on the tertiary sector. The less developed countries exhibit the inverse pattern.
Economic sector Facts for Kids. Kiddle Encyclopedia.