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Shifting industry (Disadvantages (Assumes all countries follow same paths,…
Shifting industry
Disadvantages
Assumes all countries follow same paths
Countries skip stages
Doesn’t consider imported goods
Advantages
Works for a lot of countries
Not specific time phase
Correctly plots industry development
Primary
Raw materials
Farming
Secondary
Manufacturing
Factory
Tertiary
Service jobs
Nursing
Quaternary
Research
IT
The Clark Fisher Model describes the changing balance of employment over time