4.1 Classification Of Economies Flashcards
What is the primary sector
- collection of raw materials and producing good crops
- mainly in rural areas
- typically low paid manual work
- income may be seasonal
What is the secondary sector
- manufacturing raw materials into goods
- typically more regular income than primary jobs
- typically concentrated in the north or aboard due to the global shift
- declining
What is the tertiary sector
- providing a service
- private or public sector
- concentrated in urban areas
- wages vary from minimum wage (cleaners, hospitality) to highly paid professionals (doctors)
What is the quaternary sector
- providing specialist services (finance, law, tech, research, development)
- highly educated workforce
- concentrated mostly in the south
- fastest growing in the UK
What does the Clarke-Fisher model depict in a pre-industrial area
Primary sector dominates employment
Small percentage in secondary
What does the Clarke-Fisher model depict in an industrial area
Primary sector declines due to mechanisation
Manufacturing dominates industry
What does the Clarke-Fisher model depict in a post industrial area
Factories move overseas for cheaper manufacturing (global shift)
Secondary industry declines
Tertiary and quaternary sector grow due to highly educated and skilled workforce
Higher incomes
What section of the Clarke fisher model does the UK fit into and why
Post industrial
1% employed in primary
15% in secondary
84% in tertiary and quaternary sector
How are jobs classified
- full time / part time
- temporary / permanent
- employed or self employed
How is economic activity analysed
- employment data
- economic output
- Gross Domestic Product (GDP)
- Gross Value Added (GVA)
What is GDP
The total value of goods and services in the country
What is GVA
The value of goods and services in an area, industry, or economic sector
Woking - what percentage of people are in employment / unemployed / economically inactive
Employed - over 80%
Unemployed - 3%
Economic inactivity - 12% (less than UK average)
Stratford - what percentage of people are in employment / unemployed / economically inactive
Employed - 70%
Unemployed - 5.0%
Economic inactivity - just under 30% (higher than average in both London and the UK)
Stratford - what industry employs the most / least people
Most - Wholesale and retail trade (15%)
Least - Mining and quarrying (5 people)