Economic sectors APHG

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5 Terms

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Primary sector

Agricultural and extractive activities. Relied upon in many developing nations

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Secondary sector

Processing activities-manufacturing, construction and power production. Many developing nations support secondary activities with lower labor costs than developed countries

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Tertiary sector

The portion of the economy concerned with the provision of goods and services to people in exchange for payment.

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Quaternary sector

Service sector industries concerned with the collection, processing, and manipulation of information and capital. Examples include finance, administration, insurance, and legal services.

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Quinary sector

Service sector industries that require a high level of specialized knowledge or technical skill. Examples include scientific research and high-level management.