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In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction .
Value of sales, shipments, receipts, revenue, or business done by sector in the United States economy in 1997, 2002, and 2007. Annual payroll by sector in the United States economy in 1997, 2002, and 2007. Employees by sector in the United States economy in 1997, 2002, and 2007.
The US machine tool sector never recovered from this body blow. [13] Between 1983 and 2005, U.S. exports grew by 340%, with exports of manufactured goods increasing by 407% over this period. In 1983, the primary export commodities of the U.S. was transportation equipment, computer and electronic products, agricultural products, machinery ...
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.
He asserts employment will grow faster in the tertiary (and quaternary) sector relative to employment in the primary and secondary sector and that the tertiary (and quaternary) sectors will take precedence in the economy. This will continue to occur such that the "impact of the expert" will expand and power will be monopolized by knowledge. [9]
Here’s what they told me about the incoming administration’s expected impact across various sectors. ... news” for the sector. Airlines. Industry leaders and experts are expecting the ...
[1] [citation needed] It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn between formal/informal sectors or sectors with high/low value-added. A broader concept is that of labour market segmentation. While the word "dual" implies a division into two parallel markets ...
It is the essence of the secondary sector of the economy. [1] [unreliable source?] The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale.