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classification of sectors

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Introduction

Classification of sectors Primary sector This sector is the first stage in the production of goods and services. The primary sector is the portion of the region's economy that is devoted to the extraction of basic raw materials such as mining, lumbering, fishing, quarrying, and agriculture. This sector aims to improve the yield with the use of technology, although it is decreasing in size compared to the rest of the economy. Some of primary sector jobs are farmers that grow their crops to sell or fishermen going out to see to catch fish to sell. All countries have their own primary industry, but its importance is decreasing in developed countries due to the fact that more machinery are coming in and taking the jobs in the primary sector. Secondary Sector This is the sector that is devoted to the manufacturing and processing of raw materials that are extracted by the primary sector to produce goods. ...read more.

Middle

by all sectors in the UK. From these results it can be seen that the primary sector, 1989-1999 the percentage of output declined in the primary sector and this trend has continued to this day. This may be due to the fact that agriculture, forestry and fishing have faced growing competition from agricultural and fish products from abroad. Another reason for this decline may have been because too much was being produced this caused farmers, fishers etc. to cut their prices so they earned less. UK Employment by sector Sector 1989 1991 1993 1995 1997 1999 Overall employment Primary 4.91% 4.60% 4.27% 2.31% 1.55% 1.90% Declined Secondary 27.03% 24.24% 22.64% 22.05% 22.55% 22.80% Declined Tertiary 68.96% 71.16% 73.9% 75.62% 75.90% 75.28% Growth The statistics show that the secondary sector has also declined during the years 1989 - 1999. ...read more.

Conclusion

1989 1990 1991 1992 1993 1994 1995 1996 1997 Wholesale/retail 89.4 88.4 86.3 87.5 92.5 97.5 100 103.4 107.5 Hotels and restaurants 106.1 107.5 100.4 96.4 98.5 101.2 100 102.4 104.5 Transport and storage 88.2 87.9 84.4 87.5 89.3 96.3 100 100.7 106.2 Communications 76.8 80.1 79.6 79.5 83.6 90.7 100 110.8 127.6 Financial services 92.3 98.1 98.7 94.2 96.3 97.3 100 104.3 108.9 Real estate, renting, business services 84.1 86.4 84.1 82.6 84.7 93.5 100 106.8 117.4 Public administration/defence 102.2 103.7 105.6 105 102.9 101.3 100 98.5 97.4 Education 87.8 89.2 92.2 95 95 98.7 100 101.6 103.6 Health and social work 79.7 80.6 86.1 88.6 92.6 95 100 104.4 107.9 Other personal services 81.1 81.5 81.4 83.2 89.7 92.5 100 103.3 108.1 Wholesale/retail The wholesale/retail activity within the tertiary sector has been on a massive increase throughout the years. Sherard Kawaley ...read more.

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