SECTORS OF THE SECTORS OF THE ECONOMYECONOMYThe economic infrastructureThe economic infrastructure

ECONOMYECONOMYIS THE SYSTEM BY WHICHIS THE SYSTEM BY WHICH

WEALTH IS PRODUCED AND USEDWEALTH IS PRODUCED AND USED MONEY, INDUSTRY AND TRADE ARE MONEY, INDUSTRY AND TRADE ARE

ORGANISEDORGANISED GOODS AND SERVICES ARE PRODUCEDGOODS AND SERVICES ARE PRODUCED

AND USEDAND USED

THE PRIMARY SECTORTHE PRIMARY SECTOR

Raw materialsRaw materials (natural resources) (natural resources)

1. Extracted (mining, quarrying)1. Extracted (mining, quarrying)

2. Grown (forestry, farming, breeding animals)2. Grown (forestry, farming, breeding animals)

3. Collected (fishing)3. Collected (fishing)

THE SECONDARY SECTORTHE SECONDARY SECTOR

ManufacturingManufacturing

(turning raw materials into finished goods)(turning raw materials into finished goods)

o Capital goodsCapital goods

o Consumer goodsConsumer goods

o Building and constructionBuilding and construction

1. CAPITAL GOODS1. CAPITAL GOODS

help make other goodshelp make other goods

help provide serviceshelp provide services

(welding equipment, delivery vans)(welding equipment, delivery vans)

2. CONSUMER GOODS2. CONSUMER GOODS

Straight to the final consumerStraight to the final consumer

o Consumables – get used up Consumables – get used up

(pencils, cans)(pencils, cans)

o Consumer durables – last longerConsumer durables – last longer

(TV, cars, fridges)(TV, cars, fridges)

3. BUILDING AND CONSTRUCTION3. BUILDING AND CONSTRUCTION

UTILITIES UTILITIES

(water supply, gas, electricity)(water supply, gas, electricity)

THE TERTIARY THE TERTIARY or SERVICE or SERVICE SECTORSECTOR

Services for:Services for:

o Businesses (distribution of goods,Businesses (distribution of goods, warehousing, advertising)warehousing, advertising)o Consumers (hairdressing, restaurants)Consumers (hairdressing, restaurants)

o Businesses + consumersBusinesses + consumers (banking, insurance, (banking, insurance, communication, post)communication, post)

The commercial services The commercial services help industryhelp industry

produce and distribute goods to end usersproduce and distribute goods to end users

TourismTourism

EducationEducation

HealthcareHealthcare

BankingBanking

Retail and WholesaleRetail and Wholesale

LeisureLeisure

THE QUATERNARY THE QUATERNARY SECTORSECTOR

Information services – computing, ICTInformation services – computing, ICT ConsultancyConsultancy R&D (scientific fields)R&D (scientific fields) The news mediaThe news media LibrariesLibraries Universities / collegesUniversities / colleges Culture in generalCulture in general

WHICH SECTOR DO THEY WORK IN?WHICH SECTOR DO THEY WORK IN?

business consultant_________________________business consultant_________________________ doctor________________________________________doctor________________________________________ waiter________________________________________waiter________________________________________ farmer_______________________________________farmer_______________________________________ shipbuilder _________________________________shipbuilder _________________________________ fisherman__________________________________fisherman__________________________________ blue-collar worker ________________________blue-collar worker ________________________ real estate agent__________________________real estate agent__________________________

HW: RB: p 16HW: RB: p 16 MK: p 45MK: p 45

RB: p.15RB: p.15J.K.GALBRAITH: Decline of manufacturingJ.K.GALBRAITH: Decline of manufacturing

Finish the expressions mentioned in the text and make Finish the expressions mentioned in the text and make a paragraph on the loss of manufacturing industrya paragraph on the loss of manufacturing industry

___________ industrial countries___________ industrial countries ___________ developments___________ developments ___________ industry___________ industry big cities live on _________ and ________________big cities live on _________ and ________________

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

ADD VERBS IN THE CORRECT FORM TO THE FOLLOWING SENTENCES:ADD VERBS IN THE CORRECT FORM TO THE FOLLOWING SENTENCES:

Raw materials are ________________from the ground, grownRaw materials are ________________from the ground, grown

or ____________________, and then either __________________oror ____________________, and then either __________________or

______________into finished goods. Before finished goods are ______________into finished goods. Before finished goods are

sold they often have to be __________________ and _____________. sold they often have to be __________________ and _____________.

RB: p.14RB: p.14

1.1. Why does manufacturing gravitate to the East?Why does manufacturing gravitate to the East?

2.2. Manufacturing jobs decline in the West. What are the consequences?Manufacturing jobs decline in the West. What are the consequences?

RB: pp.15 answer the questions. RB: pp.15 answer the questions. Watch the videos and summarize the changes in the three Watch the videos and summarize the changes in the three sectors of the economy. sectors of the economy.

http://www.youtube.com/watch?v=WgvAy0YX3lE

http://www.youtube.com/watch?v=whAlgi9EzRc&feature=related

This video will help you to summarize the changes:This video will help you to summarize the changes:

Writing Skills: The Paragraph Writing Skills: The Paragraph

http://www.youtube.com/watch?v=0IFDuhdB2Hkhttp://www.youtube.com/watch?v=0IFDuhdB2Hk