business sectors

Primary Sector

The sector concerned with the extraction of raw materials from land, sea, or air.

Secondary Sector

The sector focused on the processing of raw materials and the manufacture of goods.

Tertiary Sector

The sector that provides services to consumers and other businesses, including leisure, banking, and hospitality.

Quaternary Sector

A sub-sector of the tertiary sector focused on knowledge-based services such as IT technology, consultancy, or research.

Emerging Economies

Economies that are growing and developing, often increasing employment in secondary and tertiary sectors.

Less Developed Economies

Economies that primarily focus on the primary sector, often with a high proportion of employment in agriculture.

Global Trend

A general movement observed worldwide, such as the shift from employment in primary sector industries.

Manufacturing

The process of converting raw materials into finished goods, typically associated with the secondary sector.

Infrastructure

The physical systems and structures necessary for the operation of a society and its economy, including transportation and communication systems.

Workforce

The total number of workers engaged in or available for work in a particular area or industry.