The Four Economic Sectors
- An economic activity is the producing, purchase or selling of goods and services
- Economic activities can be grouped into four sectors:
- Primary
- Secondary
- Tertiary
- Quaternary
Worked example
Identify what is meant by an economic sector (1)
A. The chain of production in manufacturing | |
B. An economic shift in employment | |
C. A classification of types of employment | |
D. A classification of employment structures |
- Answer:
- C (1) - a classification system for types of employment
- The other answers are not related to employment sectors which are the four groups - primary, secondary, tertiary and quaternary
Exam Tip
Remember the economic sectors can also be used to group employment types. For example, a farmer is employed in the primary sector whereas a teacher is employed in the tertiary sector.