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Three sectors according to Fourastié Clark's sector model This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary 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 .
Each entry below is an outline, an introduction to a subject structured as a hierarchical list of the essential points. Each of these outlines focuses on a topic related to economics . Along with Wikipedia:Contents/Outlines , the outlines on Wikipedia form an all-encompassing outline of the knowledge of humankind.
Economics classes make extensive use of supply and demand graphs like this one to teach about markets. In this graph, S and D refer to supply and demand and P and Q refer to the price and quantity. The following outline is provided as an overview of and topical guide to economics:
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services.The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.
Yahoo Sports’ Senior NFL Writer Charles Robinson, and Lead NFL Draft Analyst Eric Edholm discuss how the lack of a singular ownership figure for Green Bay has played into the extended fallout ...
Economic determinism is a socioeconomic theory that economic relationships (such as being an owner or capitalist or being a worker or proletarian) are the foundation upon which all other societal and political arrangements in society are based.