Economic Sectors

Skills Needed in the Tertiary Sector

- creative thinking, problem solving and computer use

GDP

- gross domestic product - total amount of goods and service produced within a countries borders within a year

Resources in the Primary Sector

- minerals, gold, coal - plants - cattle, sheep

Skills Needed in the Primary Sector

- physical work that requires manual labour - workers require some training to operate machinery - less workers are required when machinery is used

Skills Needed in the Secondary Sector

- specific training to operate machinery - large degree of repetition

Economic Growth

- the countries actual GDP grows from one year to the next

Real GDP

- when inflation (annual increase in the cost of living) is taken away from GDP to see the true value of goods and services

Quaternary Sector

Jobs that deal with the handling and processing of knowledge and information.

Quinary Sector

consists of the highest levels of decision making and includes the top officials in various levels of government and business.

Secondary Sector

manufacturing process of goods

Tertiary Sector

service jobs

Primary Sector

the extraction of raw materials (mining, fishing, agriculture)