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Sectors of industry

Sectors of industry. Primary sector. The primary sector is the first stage of production and is concerned with the extraction of raw materials. Industries in the primary sector include: Fishing Farming Mining and quarrying Forestry. Secondary sector.

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Sectors of industry

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  1. Sectors of industry

  2. Primary sector The primary sector is the first stage of production and is concerned with the extraction of raw materials. Industries in the primary sector include: • Fishing • Farming • Mining and quarrying • Forestry

  3. Secondary sector The secondary sector involves manufacturing and processing the raw materials. Examples include: • Cabinet makers • Car manufacturers • Building and construction

  4. Tertiary sector The tertiary sector is concerned with providing services for others. The tertiary sector includes: • Retail • Insurance • Entertainment • Tourism • Education • Armed forces

  5. Chain of production Products move through the three sectors of industry before being sold to the consumer. This is called the chain of production. For example: • A forester cuts down a tree (primary) • The wood is made into a table (secondary) • The table is sold in a department store (tertiary)

  6. Adding value At each stage in the chain of production, value is added to the product. ‘Added value’ is the difference between the price the consumer is willing to pay and the cost of making a product.

  7. Ways to add value Value can be added through • Production – turning raw materials into useful goods • Convenience and speed • Branding • Quality • Design • Unique selling proposition (USP)

  8. Changing nature of the UK sectors • In the UK, the importance of the primary sector has fallen and it now employs fewer workers. • The secondary sector has also declined in importance and many manufacturing firms have closed. • The tertiary sector has enjoyed a large increase in importance with many jobs created in service industries.

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