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Economic Systems $, Economic sectors - Coggle Diagram
Economic Systems $
Command
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Market
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It’s a disadvantage because profit is the single generally to avoid taking measures to protect the environment or increase social services
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Economic sectors
Tertiary
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The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses.
Secondary:
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The secondary sector of the economy akes the raw material from the primary sector and manufactures it to make finished goods. All of manufacturing, processing, and construction lies within the secondary sector.
Quaternary
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A quaternary sector of the economy is where intellectual activites takes place such as research and development.
Example: Research and development is completed to understand consumer needs and wants and work is completed to expand product line. Bagel choices expands from Regular Bagel to include Sesame Seed, Cheese, Poppy Seed, Whole Wheat and Jalepeno and Cheese Bagles
Primary
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The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods.
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