the different sectors of the economy rb, p. 14-16 mk u7
TRANSCRIPT
THE DIFFERENT SECTORS OF THE ECONOMY
RB, p. 14-16
MK U7
THE THREE SECTORSPRIMARY SECTOR involves extracting raw
materials and natural resources from the earth.
Examples?
SECONDARY SECTOR includes manufacturing, processing and construction which transform raw materials into goods.
Examples?
TERTIARY SECTOR involves the provision of services.
Examples? /ˈtɜr ʃiˌɛr i, ˈtɜr ʃə ri/
EXTRACTING OIL FROM THE EARTH
AGRICULTUREFARMINGHARVESTING
MINING COALFISHINGFORESTRY
EXAMPLES
EXAMPLES
• PROCESSING WOOD• ASSEMBLING A CAR• CONSTRUCTING A MACHINE• MANUFACTURING FURNITURE• PRODUCING A BAG
INSURANCESALESBANK RETAILHOSPITALITY
INDUSTRY
NEWS & MEDIA LEGAL PRACTISE REAL ESTATE HEALTHCARETRANSPORTATIO
N
EXAMPLES
FINISH THE SENTENCE…Primary sector involves...extracting raw…materials and natural resources from… the earth.Secondary sector includes manufacturing,
processing and construction which transform raw…
materials into… goods.Tertiary sector involves the provision of…services.
MORE SECTORS…(SUBSETS OF THE TERTIATY SECTOR?)
THE QUATERNARY SECTOR
information and knowledge-based services (intellectual services)
EXAMPLES
computing, ICT, consultancy, R&D
MORE SECTORS…(SUBSET OF THE TERTIATY SECTOR?)
THE QUINARY SECTOR
senior management levels in non-profit organizations, media, arts, culture, higher
education, science and technology…
FURTHER RESEARCH: DIFFERENCE BETWEEN QUATERNARY AND QUINARY SECTOR
WHICH SECTOR DO THEY WORK IN?
FARMER LAWYERBLUE-COLLAR WORKERNURSEWAITRESSBUSINESS CONSULTANT
CONSTRUCTION WORKERSHIP BUILDERHAIRDRESSERMINERLUMBERJACKUNIVERSITY PROFESSOR
Primarysector
Secondarysector
Tertiarysector
forestry/ building/ transport/ teaching/ mining/
shoe production/ quarrying/ car production/
steel production/ shipbuilding/ textile industry/ engineering/ theatre/ real estate
SORT THEM OUT:
OCCUPATIONAL SHIFT THROUGH SECTORS
HOW MUCH DO YOU KNOW ABOUT…?
manufacturing (production of consumer goods) today
its historic and geographical features
outsourcing & labour costs
job security nowadays
Read the text on p. 14 in RB and find out more.
Make a note-form summary
MANUFACTURING GRAVITATES TO THE EAST
EXAMPLES OF GROWTH IN THE EAST: COUNTRY + INDUSTRY 1) 2) 3)
REASONS: 1) 2)
MANUFACTURING JOBS DECLINE IN THE WEST
EXAMPLES : 1) 2) 3)CONSEQUENCES: 1) 2) 3)
MANUFACTURING GRAVITATES TO THE EAST
MANUFACTURING GROWS IN THE EAST 1) China → toys, shoes, steel 2) South Korea→ shipbuilding 3) Bangalore→ skilled labour, hi-tech industries REASONS: 1) low labour costs 2) efficient production methods
MANUFACTURING JOBS DECLINE IN THE WEST
EXAMPLES : shipbuilding, coal mining, steel industry CONSEQUENCES: unemployment (shipbuilding)
outsourcing low job security RB, p. 63
FURTHER PRACTISE
LISTENING:
THE BUSINESS NEWS (MK, p.46)
VOCABULARY:
INDUSTRIES & SECTORS (RB, p. 16)
MANUFACTURING AND SERVICES
READING 1:
STATEMENTS IN SUPPORT OF MANUFACTURING OR SERVICES?
MK, p. 45
READING 2:
J. K. GALBRAITH’S VIEW ON MANUFACTURING AND SERVICES RB, p. 15