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  1. www.masterclass.com › articles › economic-sectorsEconomic Sectors Explained: The 4 Sectors of the Economy ...

    Nov 23, 2022 · Learn how economists divide businesses into four sectors: primary, secondary, tertiary, and quaternary. Find out the characteristics, examples, and roles of each sector in the economy.

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  3. www.thoughtco.com › sectors-of-the-economy-1435795The 5 Sectors of the Economy - ThoughtCo

    • Matt Rosenberg
    • Primary Sector. The primary sector of the economy extracts or harvests products from the earth such as raw materials and basic foods. Activities associated with primary economic activity include agriculture (both subsistence and commercial), mining, forestry, grazing, hunting and gathering, fishing, and quarrying.
    • Secondary Sector. The secondary sector of the economy produces finished goods from the raw materials extracted by the primary economy. All manufacturing, processing, and construction jobs lie within this sector.
    • Tertiary Sector. The tertiary sector of the economy is also known as the service industry. This sector sells the goods produced by the secondary sector and provides commercial services to both the general population and to businesses in all five economic sectors.
    • Quaternary Sector. Although many economic models divide the economy into only three sectors, others divide it into four or even five. These two sectors are closely linked with the services of the tertiary sector, which is why they can also be grouped into this branch.

  4. www.investopedia.com › terms › sWhat Is an Economic Sector and How Do the 4 Main Types Work?

    Jan 29, 2024 · Learn what an economic sector is and how it categorizes businesses by their activities, products or services. Explore the four main types of economic sectors (primary, secondary, tertiary and quaternary) and how they relate to the economy and the financial markets.

    • Will Kenton
    • 1 min

  5. www.economicshelp.org › concepts › sectors-economySectors of the economy - Economics Help

    Dec 19, 2021 · Learn about the main sectors of the economy: primary, secondary, tertiary and quaternary. See examples, video and changes in the UK economy.

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  7. simplicable.com › en › sectors-economy24 Sectors of the Economy - Simplicable

    Mar 24, 2024 · The classic academic view of economic sectors is a three level model that includes the primary, secondary and tertiary sectors. This model dates to the work of Allan Fisher, Colin Clark and Jean Fourastié in the first half of the twentieth century and has since been challenged with a fourth layer known as the quaternary sector that includes knowledge intensive services previously categorized ...

  8. quickonomics.com › the-sectors-of-the-economyThe Sectors of the Economy - Quickonomics

    Jan 3, 2023 · The Sectors of the Economy. According to the three-sector theory, all economic activity can be classified into one of three sectors: the primary sector, the secondary sector, and the tertiary sector. As a rule of thumb, we say the more advanced an economy is, the more its focus shifts from the primary, through the secondary to the tertiary sector.

  9. en.wikipedia.org › wiki › Economy_of_the_UnitedEconomy of the United States by sector - Wikipedia

    Annual payroll by sector in the United States economy in 1997, 2002, and 2007. Employees by sector in the United States economy in 1997, 2002, and 2007. Annual payroll per employee by sector in the United States economy in 1997, 2002, and 2007. 2002 statistics Sectors of the U.S. Economy in 2002 - firms with payroll - All Sector Totals

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