What are four sectors of the economy?
Quick Answer
Four sectors of the economy are the primary sector, the secondary sector, the tertiary sector and the quaternary sector. The various sectors are defined by population engagement and by relationship to the Earth's raw materials.
Continue ReadingFull Answer
Occupations in the primary sector include farming, mining, hunting, fishing and forestry, all occupations closely involved with nature. Finished goods are the focus of the secondary sector; careers in the secondary sector involve automobile production, textiles, construction, engineering, metal work and utilities.
The service industry dominates the tertiary sector. Workers in this sector have jobs in retail sales, hospitality, entertainment, banking, insurance, law and health care. The quaternary sector is based on intellectual endeavors and includes careers in government, research, education and information technology.
Learn more about EconomicsRelated Questions
-
Q:
What are the different types of business sectors?
A: In the three-sector theory of economics, the business sector is divided into three types: the primary sector of raw materials, the secondary sector of manu... Full Answer >Filed Under: -
Q:
What is the tertiary sector?
A: The tertiary sector is focused on tertiary production, which is commercial services that work to provide support to distribution and production processes s... Full Answer >Filed Under: -
Q:
What are primary, secondary and tertiary industries?
A: Primary industries or sectors are concerned with extracting and acquiring raw materials, secondary industries revolve around manufacturing products from ra... Full Answer >Filed Under: -
Q:
What type of economy does France have?
A: The French economy is made up of both privatized and government-run sectors. It is considered to be very diverse. Full Answer >Filed Under:
