7.2 - Economic Sectors

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7 Terms

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primary

extraction of raw materials and natural resources from the earth’s surface

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secondary

processing and manufacturing raw materials into a finished product

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tertiary

providing services to people; no education required

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quaternary

knowledge-based sector; focusing on research and information creation and transfer

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quinary

highest levels of decision making, includes top officials in government and business

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MDC

the primary sector declines when a country is at this rank

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LDC

the primary sector is most prominent when a country is at this rank