Sector share towards GDP: Sector share by working force:
Contents Difficulty of definition Edit It is sometimes hard to define whether a given company is part and parcel of the secondary or tertiary sector. And it is not only companies that have been classified as part of that sector in some schemes; government and its services such as police or military, and non-profit organizations such as charities or research associations can also be seen as part of that sector.
These governmental classification systems have a first-level hierarchy that reflects whether the economic goods are tangible or intangible. For purposes of finance and market researchmarket -based classification systems such as the Global Industry Classification Standard and the Industry Classification Benchmark are used to classify businesses that participate in the service sector.
Unlike governmental classification systems, the first level of market-based classification systems divides the economy into functionally related markets or industries.
The second or third level of these hierarchies then reflects whether goods or services are produced. Theory of progression Edit For the last years, there has been a substantial shift from the primary and secondary sectors to the tertiary sector in industrialized countries.
This shift is called tertiarisation. In examining the growth of the service sector in the early Nineties, the globalist Kenichi Ohmae noted that: These are not necessarily busboys and live-in maids.
Many of them are in the professional category. They are earning as much as manufacturing workers, and often more. The first economy to follow this path in the modern world was the United Kingdom. The speed at which other economies have made the transition to service-based or " post-industrial " economies has increased over time.
Historically, manufacturing tended to be more open to international trade and competition than services. However, with dramatic cost reduction and speed and reliability improvements in the transportation of people and the communication of information, the service sector now includes some of the most intensive international competition, despite residual protectionism.
Issues for service providers Edit.The sectors of an economy can be classified as Primary / Secondary Tertiary Organised / Unorganised Public / Private Let's discuss Primary/Secondary and Tertiary Sectors of economy Primary Sector When we produce a good by exploiting natural produces resources, it is an activity of natural the primary iridis-photo-restoration.com://iridis-photo-restoration.com The choice of the words ‘levels’, ‘tiers’ and ‘sectors’ is misleading as it suggests that the primary, secondary and tertiary health services are discreet categories.
In fact the distinctions between the levels have become increasingly iridis-photo-restoration.com://iridis-photo-restoration.com · sectors: primary, secondary, and tertiary. The primary sector involves the harvesting and extraction of natural resources and rudimentary processing of these raw iridis-photo-restoration.com · Comparing employment structures.
The employment structure of a country shows how the labour force is divided between the primary, secondary and tertiary iridis-photo-restoration.com://iridis-photo-restoration.com · The primary and secondary sectors are increasingly dominated by automation, and the demand for workforce numbers falls in these sectors.
It is replaced by the growing demands of the tertiary sector. The situation now corresponds to modern-day industrial societies and the society of the future, the service or post-industrial iridis-photo-restoration.comural transformation according to Fourastié · See also · Further readingiridis-photo-restoration.com The lesson titled Economic Sectors: Primary, Secondary & Tertiary is an excellent source for more information on this topic.
The information found in this lesson will help you: Define the function iridis-photo-restoration.com