The five sectors of economic activity

1
The five sectors of economic activity

• Primary
• Economic activities that produce food, fuel raw
  materials (eg mining, farming, forestry)
• Secondary
• Activities which manufacture goods process of
  raw materials, fabricate semi finished products
  assemble components (textiles, electrical goods,
  car manufacture)
• Tertiary
• Service industries (eg retail)
• Quaternary (a sub division of Tertiary)
• Provide services to other economic
  producer-orientated activities (eg finance,
  insurance)
• Quinary (a sub division of Tertiary)
• Services provided to individuals (customer
  orientated) (eg education, government, health,
  research)

2
Rostows development stage model
Level Of Devt
5. High mass comsumption
4. The drive to maturity
3. Take off
2. Preconditions for take off
1. Traditional society
Time
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4
MEDCs and the modelDraw a sketch annotate

• 1750 onwards providing conditions for economic
  growth
• Developments in farming
• Open fields enclosed crop rotation
• Invention of steam engine
• 1800 onwards
• Fast industrial growth industrial revolution
• New machinery transport
• By 1850 50 employed in manufacturing
• UK reached Stage 4 50 years before other
  countries
• 1900s
• Knowledge spread to Europe
• Countries with coal developed their coal industry
• Migrants went to America, providing conditions
  for take off there
• 1950s
• UK society became more consumer driven
• Growth in hi technology

5
LEDCs and the model

• Many countries still in stage one eg in Africa
• Factors affecting growth
• Political instability
• Poverty
• Lack of education
• Poor infrastructure
• Lack of natural resources
• Investment usually in form of aid doesnt
  promote growth a great deal
• Multinational investment in South/Central America
  (eg Brazil) has promoted growth
• Rapid growth in NICs (eg Singapore) doesnt
  follow the LEDC pattern