![]() ![]() Robotics – An interdisciplinary branch of computer science and engineering that involves the provision of services that require the use of robots.Examples include theater, film, music, television, radio, and so on. The entertainment industry – Also known as show business, this includes many sub-industries that are devoted to entertainment.Public health – the science of preventing disease and harm through the organized efforts and informed choices of society.Healthcare – A category of services that includes medicine, optometry, dentistry, pharmacy, nursing, psychology, athletic training, and many more.Retailers are the final link in the supply chain from producers to consumers. A retailer buys goods in large quantities from manufacturers and then sells in smaller quantities to consumers for a profit. Retail – The sale of goods and services to consumers.Real estate – Services that provide the opportunity to purchase property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.Information systems provide knowledge and digital products. Information systems – An information system is a set of components for collecting, storing, and processing data and information.Examples include lawyers, architects, accountants, engineers, doctors, and teachers. Professional services – Services that require special training.These services include banking, insurance, accounting, and investment management. Financial services – Economic services provided by the finance industry.Education can be formal, non-formal, or informational. Education – Activities directed at transmitting knowledge or fostering skills and character traits.Consulting – Services that provide professional advice to the public or to those practicing the profession on how to modify or proceed in a given process within that field.IT is generally used within the context of business operations. Information technology – The use of computers to create, process, store, retrieve, and exchange any kind of information.Telecommunications – The transmission of information over wire, radio, optical, or other electromagnetic systems.Mass media – An array of media technologies that reach a large audience via mass communication.It is often thought of as the sector responsible for services provided by the highest levels of organization in society, including services such as government, military, education, and healthcare. The quinary sector is an extension of the tertiary sector with varying definitions.Examples include research, media, consultation, education, blogging, etc. The quaternary sector is an extension of the tertiary sector and includes information or knowledge-based services.Examples include accounting, retail, baking, babysitting, and so on. The tertiary sector involves the supplying of services to consumers and businesses.Examples include the production of clothing with textiles, bottles with glass, cars with steel, and so on. The secondary sector involves the transformation of raw or intermediate materials into goods.Examples include farming, mining, fishing, logging, and so on. The primary sector involves the extraction and production of raw materials.The quaternary and the quinary sectors are considered extensions of the tertiary sector. These sectors are known as the primary sector (raw materials), the secondary sector (manufacturing), the tertiary sector (services), the quaternary sector (information services), and the quinary sector (human services) (Clark, 1940 Kuznets, 1966). ![]() ![]() References What are the Five Sectors of the Economy?Įconomic activity can be divided into five main sectors, outlined below. ![]()
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