There are a lot of different sectors about offering and producing goods in our economy. These include:
- Primary Sector (= extracting raw materials from nature)
- Secondary Sector (= transforming those raw materials into finished or part-finished goods)
- Tertiary Sector (= providing services to individuals and businesses
As well, there are two important terms:
- Manufacturing (= making things -> in the secondary sector)
- Retailing (= selling things in small quantities -> shops in the tertiary sector)