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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.
Primary Sector
Secondary Sector
Tertiary Sector
3 sectors
Primary Sector
Composed of businesses that produce or extract raw materials from land.
Primary Sector
This sector includes:
Agriculture
Fishery
Forestry
Mining
Fuel or oil extraction
Primary Sector
example of this sector is the gathering of GRAPES first before making it into wine
Secondary Sector
Composed of businesses that transform raw materials into finished products.
Secondary Sector
This sector includes:
Manufacturing
Construction
Food and beverage processing
Engineering
Tertiary Sector
Composed of businesses that provide services to individuals and businesses.
Chain of Production
Step 1 - Conversion/Production
Step 2 - Processing
Step 3 - Retail/Consumption
Step 1 - Conversion/Production
Raw materials are produced/converted for intended use.
Example: Corn → Feeds
Step 2 - Processing
Raw materials are transformed into intermediate or finished products through various operations, techniques, or manufacturing processes.
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.