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THE TERTIARY SECTOR: SERVICES. TRADE María Jesús Campos Fernández. learningfromgeography.wikispaces.com

The Tertiary Sector: Services. Trade

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THE TERTIARY SECTOR: SERVICES. TRADEMaría Jesús Campos Fernández. learningfromgeography.wikispaces.com

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Tertiary Sector

Transport

Tourism

Trade

Telecommunications

BankingEducation and Culture

Healthcare SystemOthers (lower-end tertiary

sector): domestic work; street vending…

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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

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Trade

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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

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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

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Tangible Markets Sell products that

are there Shops or

supermarkets

Intangible Markets Sell products that

are not there Stock markets

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Types of Trade

Domestic Trade

International

Trade

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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

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Domestic Trade: Wholesale Trade

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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

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International Trade: Balance of Trade

Exports

Imports

Imports

Exports

Positive Negative

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International Trade: Balance of Payment

Positive Negative

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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.

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- 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

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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…

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Developed by María Jesús Camposlearningfromgeography.wikispaces.comChusteacherWikiteacher

Sources: rocio Bautista Slidehare ppt