The Main Producing Sectors in the Economy

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12 Terms

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Primary Sector
Secondary Sector
Tertiary Sector

The Main Producing Sectors in the Economy

  • Everything that we buy starts as plants, minerals, or animals. These raw materials undergo changes to turn them into products that we buy and use.

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Primary Sector

Secondary Sector

Tertiary Sector

3 sectors

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Primary Sector

  • Composed of businesses that produce or extract raw materials from land.

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Primary Sector

  • This sector includes:

  • Agriculture

  • Fishery

  • Forestry

  • Mining

  • Fuel or oil extraction

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Primary Sector

example of this sector is the gathering of GRAPES first before making it into wine

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Secondary Sector

  • Composed of businesses that transform raw materials into finished products.

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Secondary Sector

  • This sector includes:

  • Manufacturing

  • Construction

  • Food and beverage processing

  • Engineering

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Tertiary Sector

Composed of businesses that provide services to individuals and businesses.

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Chain of Production

Step 1 - Conversion/Production

Step 2 - Processing 

Step 3 - Retail/Consumption

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Step 1 - Conversion/Production

  • Raw materials are produced/converted for intended use.

  • Example: Corn → Feeds

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Step 2 - Processing 

  • Raw materials are transformed into intermediate or finished products through various operations, techniques, or manufacturing processes. 

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Step 3 - Retail/Consumption

  • Consumption is the final stage where products are used by consumers.

  • It is influenced by factors such as:

Product availability, pricing, and marketing efforts.