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Economic sectors. The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. [ 1][ 2][ 3] The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries.
One classical breakdown of economic activity distinguishes three sectors: [ 1] Primary: involves the retrieval and production of raw-material commodities, such as corn, coal, wood or iron. Miners, farmers and fishermen are all workers in the primary sector. Secondary: involves the transformation of raw or intermediate materials into goods, as ...
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials ( primary ), manufacturing ( secondary ), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector ( tertiary ). [ 1] The model was developed by Allan Fisher ...
Standard Industrial Classification. The Standard Industrial Classification (SIC) was a system for classifying industries by a four-digit code as a method of standardizing industry classification for statistical purposes across agencies. Established in the United States in 1937, it is used by government agencies to classify industry areas.
Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets. National and international statistical agencies use various industry-classification schemes ...
Number of establishments by sector in the United States economy in 1997, 2002, and 2007. Value of sales, shipments, receipts, revenue, or business done by sector in the United States economy in 1997, 2002, and 2007. Annual payroll by sector in the United States economy in 1997, 2002, and 2007.
About 100 startup founders, industry stakeholders and creators — including independent newsletter authors — sat on the floor of the Indian Treaty Room, while press in attendance on behalf of ...
Economy of Chicago. Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross ...