Monday, May 20, 2019
Changes in Economic Structures
Changes in economic Structures Introduction Show noesis of radical, secondary, 3rd Changes in primal Develop at least two points about why the primary heavens has decreased in developed countries formulate advantages and disadvantages Change in secondary Develop at least two points about why the secondary has decreased in developed countries Explain profit/disadvantages Changes in Tertiary Develop two points about why the ordinal firmament has increased Explain advantages/disadvantages (whats good and bad about it) ConclusionWhats going to happen in the long border? What do you think the impacts of this have been overall? Changes in economic Structures Within the business perseverance there argon 3 main sectors in which firms operate to, which is the primary secondary and 3rd sectors. Each of these sectors forms a chain of production which provides consumers with products and services. In the primary sector firms are involved in eliciting raw materials from basiss nat ural resources.This includes fishes being fished out of the ocean, rubbers being tapped from trees, and oil being drilled from the ground and so on Whilst as the secondary sector manufactures and assembles the raw materials collected from the primary sector to make a set down product. Examples are refining crude oil to turn into useful products such as gasoline, cooking raw food to serve in restaurants and turning copped wood into accurate products such as chairs and tables and so forthFinally in the ordinal sector firms focus on selling the refined and manufactured products/services to customers, for example selling finished chairs in a furniture shop, refilling gas tanks in a petrol station, selling diamonds to curtly to be engaged couples etc. Over the past centuries we have seen many channels in the business persistence including the decline of employment rate in the primary and secondary sector, and the employment boom in the tertiary sector.In the 1700s 75% of the worl ds population was working in the primary sector, 15% in the secondary sector and 10% in the tertiary sector, whereas now only 2% are use in the primary sector, 28% in the secondary sector and 70% in the tertiary sector. oneness of the main reasons why there has been a decline in the primary and secondary is sector is the change in technology. As the newer technology provided businesses with more efficient ways of extracting and manufacturing products (using machinery) it also reduced the amount of workload needed by humans in the chosen job.This meant a lot of workers had to become redundant and and so taking jobs in the tertiary sector. Additionally because of the over-extraction of natural resources there are very scares resources left to extract out of the earth as a result businesses have to cope for the resources that remain meaning businesses that cannot compete to acquire these resources have to make their employees redundant hence the decline in employment rate in the pr imary sector.Finally because of the increasing safety standards and more heap caring about their health there has been a decrease in primary and secondary sectors. On the other hand, whilst the primary and secondary sectors are decreasing, the tertiary sector has increased dramatically. This is because of the increase in educational standards and the amount of pay in the tertiary sector. As decades past more and more people are receiving better education around the world, thus people with higher education require higher paying jobs.This is where the level of employment in the tertiary sector skyrocketed because the tertiary sector could provide these people with a higher pay and a job that they wish to pursue. Furthermore as a result of increase in tourism many tertiary sector businesses have opened up to fulfill the demand tourists. In conclusion the sectors in the business industry will always keep on changing because of the factors shown. We are in a generation where the tertia ry sector is very popular and this has influenced the way each country works.For example in Thailand there are many tertiary businesses in the capital city such as offices, super-markets and malls which are mainly exceedingly successful. And schools nowadays guide students to work in the tertiary sectors instead of primary of secondary. However there are still large populations of people working in the primary sector as rice farmers etc. Nevertheless I believe in the future the tertiary sector will decrease and the primary and secondary sectors will rise again because once the tertiary sector meets its peak, it will drop stern down.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.