Definitions for economic sector
eco·nom·ic sec·tor

WikipediaRate this definition:0.0 / 0 votes

1. Economic sector

   One classical breakdown of economic activity distinguishes three sectors: Primary: involves the retrieval and production of raw-material commodities, such as corn, coal, wood or iron. Miners, farmers and fishermen are all workers in the primary sector. Secondary: involves the transformation of raw or intermediate materials into goods, as in steel into cars, or textiles into clothing. Builders and dressmakers work in the secondary sector. Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector.In the 20th century, economists began to suggest that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors. Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industries related to human services and hospitality.Economic theories divide economic sectors further into economic industries.

WikidataRate this definition:2.0 / 3 votes

1. Economic sector

   The classical breakdown of all economic sectors follows: Primary: Involves the retrieval and production of raw materials, such as corn, coal, wood and iron. Secondary: Involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. Tertiary: Involves the supplying of services to consumers and businesses, such as baby-sitting, cinema and banking. In the 20th century, it began to be argued that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors. An economy may include several sectors, that evolved in successive phases. The ancient economy was mainly based on subsistence farming. The industrial revolution lessened the role of subsistence farming, converting it to more extensive and monocultural forms of agriculture in the last three centuries. Economic growth took place mostly in mining, construction and manufacturing industries.

How to pronounce economic sector?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say economic sector in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of economic sector in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of economic sector in Pythagorean Numerology is: 4

Examples of economic sector in a Sentence

1. David Herring:

   Today's executive order paves the way for common sense regulation to keep America first in agriculture so that we remain the global leader in an economic sector that has offset the U.S. trade imbalance for decades.

2. David Frost:

   These regulations have had an impact on a key economic sector and we cannot afford it, we are going backwards at time when our country solely needs economic growth.

3. Ricardo Salles:

   This government is concerned with the environment, with people and with sustainable economic development, you can't create legislation that is so excessive that it asphyxiates the economic sector completely.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Economic_Sector
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=economic sector