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What are the four main economic sectors?
Primary - extracting raw materials
Secondary - manufacturing goods
Tertiary - providing services
Quaternary - knowledge - based services
What is employment strucutre?
The % of people employed in each economic sector in a country or region
What does a high % of primary sector jobs indicate about a country?
It is likely a developing country, with low technology and reliance on agriculture
What are some reasons for the decline in primary sector jobs in developed countries?
Mechanisation of agriculture
Resource depletion
Global shift to cheaper labour in LIC’s
Environmental policies limiting extraction
What causes growth in the tertiary and quaternary sectors?
Rising incomes and demand for services
Advances in technology
Globalisation and improved education
Growth of information economies
What is economic development?
The improvement in living standards, income levels, education, and infrastrucutre in a country
How does employment structure change as a country develops?
Fewer people in the primary sector
Growth in secondary
Major growth in tertiary and quaternary sectors
Give an example of a country with a large secondary sector and explain why
China - industrialisation , cheap labour and investment in manufacturing
What is de- industrialisation?
The decline in manufacturing industries in developed countries, often replaced by service industries
What is the informal sector?
Unofficial jobs that are not taxed or regulated by the government, often seen in LICs
Why is the informal sector important in LICs?
Provides income when formal jobs are scarce
Requires little education or capital
Absorbs large numbers of urban migrants
Name some factors that affect the location of economic activity
Physical factors: climate, raw materials, water supply
Human factors: labour availability, transport links, market access, government policies
What is globalisation and how does it affect employment structures?
Globalisation is the increasing interconnectedness of the world. It leads to outsourcing of secondary jobs and growth in global services like finance and IT.
What does the Clark - Fishes model show?
The changing proportions of employment in different sectors as a country develops from pre - industrial to post - industrial stages