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THE TERTIARY SECTOR: SERVICES. TRADEMaría Jesús Campos Fernández. learningfromgeography.wikispaces.com
Tertiary Sector
Transport
Tourism
Trade
Telecommunications
BankingEducation and Culture
Healthcare SystemOthers (lower-end tertiary
sector): domestic work; street vending…
Tertiary Sector Definition: tertiary sector; services Diversity:
Tertiary sector vs quaternary sector Upper-end tertiary sector Lower-end tertiary sector
Characteristics: heterogeneous; intangible and inmaterial; imposible to store; close to the consumer; low level of mechanisation; expanding; unequal distribution
Classification: Public services Distribution services Business services Consumer services
Transport Tourism Trade Telecommunications Banking Education and culture Healthcare System
Trade
Trade Definition Elements of Trade: Sellers/Retailers, buyers/consumers,
goods, a market (tangible or intangible) Types of Trade: Wholesale trade, Retail Trade International Trade:
The balance of trade vs the balance of payments Trading blocs
Spain
Elements of Trade
• The products that are exchanged (monetary value)
• The place where buying and selling takes place.
• People or companies that buy goods
• People or companies that sell goods
Sellers/
Retailers
Buyers/
Consumers
GoodsMarket
Tangible Markets Sell products that
are there Shops or
supermarkets
Intangible Markets Sell products that
are not there Stock markets
Types of Trade
Domestic Trade
International
Trade
Domestic Trade
Companies buy large amounts of products directly from the manufacturer in order to sell the products on to the retailers.
Individual consumers do not have access to the markets where wholesalers buy their goods
They sell directly to consumers.
It can happen in shops but also by mail, phone, television or the Internet
Wholesale trade Retail Trade
Domestic Trade: Wholesale Trade
International Trade
A country (companies) or buys international products or services
A country sells products and services to other countries (companies)
Imports Exports
Balance of Trade Balance of Payment The difference
between exports and imports:
Positive Negative
The difference between the money earned through exports and spent in imports
International Trade: Balance of Trade
Exports
Imports
Imports
Exports
Positive Negative
International Trade: Balance of Payment
Positive Negative
International Trade: Trading blocs
Developed countries (EU, USA, Canada, Japan, South Korea) import raw materials and energy sources and export manufactured products and technology.
Developing countries and underdeveloped countries (parts of Asia, Africa, South America) import manufactures products and technology and export raw materials and sources of energy.
- Larger market- More choce plus lower prices- More investment- Greater political and economic stability and cooperation- Protection against non-members- Discrimination against non-
members- Stops free trade- Small countries have little bargaining power
Trading Blocs: Pros and Cons
Pros
Cons
The 3 most important trading blocs are: The Western Hemisphere: The North American Free Trade
Agreement (NAFTA) includes the United States, Canada and Mexico
Western Europe: The European Union (UE) comprises most of the countries of Western Europe
East Asia: cooperation in this area is less formal because most of the countries have a low level of economic developtment and because of unpleasant memories of Japanese military aggression during the 1930s and 1940s. The most important blocs are ASEAN, South Asian Association for Regional Cooperation…
Developed by María Jesús Camposlearningfromgeography.wikispaces.comChusteacherWikiteacher
Sources: rocio Bautista Slidehare ppt