![]() The number of sectors grew as new types of work developed, and economists defined new sectors. ![]() The five economic sectors divide up all economic activity based on the type of work performed and the goods and services produced. Within this sector, government officials, top executives at large corporations, and research scientists are typically found, as well as the police, the military, and even non-profit organisations or charities.Ĭlassifying these sectors is part of the process of economic sector classification. Included are Information Technology professionals, stockbrokers, and product developers. Most of the jobs in this sector are also services but require more education and expertise than tertiary jobs. This can be anything from a taxi driver to a nurse. Tertiary sector jobs do not actually produce anything, but instead, involve people providing services to others. Typically, these jobs are done in factories. Secondary sector jobs involve turning raw materials into more valuable, manufactured items. It includes jobs in farming, mining, fishing, and forestry. ![]() Work performed in the primary sector produces raw materials and agricultural goods. Each type of work just discussed is one example of a job from a different economic sector. Then there are also the top executives at the company making important and costly decisions. Before your device was even made, people involved in product development at the electronics company designed how your device would work and look. Then, various people employed in services, such as delivery truck drivers, helped get the device to you and other customers. Later, these minerals were transformed by factory workers into electronic components such as computer chips. First, miners had to extract minerals from the Earth for many of the parts of the device. Imagine some of the different jobs undertaken to make it possible for you to use the electronic device that you are now using. Let's dive in! Economic Sectors Definition But what exactly is the definition of an economic sector? How do we classify these? What are some examples of different jobs within each sector? So many questions we're here to answer them. Overall, there are five major economic sectors, all including different forms of work activity. Have you ever had a job? If you have, it's likely you will have worked in one of the global economic sectors.
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