MARKET INTEGRATION
Economic systems vary from one society to another. But in any given economy, production typically splits into three (3) sectors. This economic system is more complicated, or
at least, more sophisticated than the way things used to be for much of human history. This will show the contributions of different financial and economic institutions that
facilitated the
THREE SECTORS OF PRODUCTION
1. Primary Sector: It extracts raw materials from the natural environments. Workers, like farmers or miners, fit well in the job description within the primary sector.
2. Secondary Sector It gains raw materials and transforms them into manufactured goods. Someone
from the primary sector extracts oil from the earth, then, someone from the secondary
sector refines the petroleum to gasoline.
3. Tertiary Sector It involves services rather than goods. It offers services by doing things rather
than making things.
INTERNATIONAL FINANCIAL INSTITUTIONS
World economies have been brought closer together by globalization. It is referred in the
sentence, “When the American economy sneezes, the rest of the world catches a cold.” But, it
is important to remember that it is not only the economy of the United States but also other economies in the world that have pooled significant impacts on the global market.
My Question:
1. In Your Own Point of View.. Which is More Productive in the Three Sectors Of Production and Why....?
2. about you Performing Tertiary sector... Label your work..in what kind of Tertiary sector it is.
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