19.5.12

Sectors & Services - who does what?

The UK economy 
  • 7th Largest in the world
  • 3rd largest in Europe
  • One of the most globalised countries
  • London is the largest financial centre equal with New York
  • Largest industries - aerospace, pharmaceuticals, North sea oil and gas. 
What's an industry sector? 
It's an area of the economy with relate products or services that can be splinted into these main sub categories:
  • Primary: Extraction and harvesting of natural resources.
  • Secondary: Processing, manufacturing and construction.
  • Third: Knowledge and services. 
Another way to see them in relation to the society in general is the primary which compiles the Public services that are publically owned or state owned. The secondary includes all the private owned services that usually run for profit. The third ones are mainly all the community owned businesses that produce no profit and are mainly voluntary, like charities.

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