The service sector‚ also called the tertiary sector‚ is one of the three parts of the economy in the Three-sector hypothesis. This hypothesis breaks the economy into three main areas so it can be better understood. The other two are the primary sector‚ which covers areas such as farming‚ mining and fishing; and the secondary sector which covers manufacturing and making things. The service sector provides a service‚ not an actual product that could be held in your hand. Activities in the service
Premium Economy Tertiary sector of the economy
Course title and number: Economics 1 BUS 121 Graded project Number: 05047700 When over looking the behavior of the economy through a macroeconomic perspective‚ the viewer is looking at the economy as a whole rather than taking apart and observing the individual pieces. Of course there are hundreds of factors that attribute to the economy for example emerging markets that influence the overall health of the economy. Consequently with emerging markets
Premium United States dollar United States
the World Economy Declining trade and investment barriers‚ advancements in technology‚ economic dominance amongst Western international businesses‚ and the world’s changing foreign direct investment picture‚ have all contributed to the current state of our world’s economy. Although the United States still accounts for more than twenty percent of the worlds GDP‚ their economic dominance has declined dramatically due to these contributing factors. This shift in our global economy has made the
Premium United States Developed country Republic of China
Hung Chun Tung Donald Class: Macroeconomics The state of the US Economy The US has the largest and most technologically powerful economy in the world‚ with a per capita GDP of $48‚450. The economy of the United States is a mixed economy‚ and has maintained a stable overall GDP growth rate‚ a moderate unemployment rate‚ and high levels of research and capital investment. It has been the world’s largest national economy. As of 2012‚ the country remains the world’s largest manufacturer‚ representing
Premium Unemployment United States Economics
INTRODUCTION In 1994 the World Bank described Singapore as the most successful economy in the world and moved Singapore from a third World country to a First World nation within a generation. From the Singapore Department of Statistics‚ Singapore’s gross domestic product (GDP) has grown approximately 7% annually from 1965 to 2009. This was accompanied by a low inflation rate of averaging about 2.1% yearly. Singapore’s 2009 per capita income of US$36‚537.00 is the second highest in Asia after
Free Economics Investment Economic growth
Economy and Globalization in Zambia At the time of independence‚ Zambia was expected to become of the wealthiest nations in Africa. With access to raw materials such as copper and land‚ Zambia seemed to have all it needed to succeed in the global economy. However‚ it is now one of the world’s poorest nations. So how did this dramatic change take place in less than 30 years? Much of Africa has experienced economic decline in the past decades. How does Zambia’s situation compare to other countries
Premium Agriculture Zambia Africa
THE INDIAN ECONOMY Structure 1 7.0 Objectives 17.1 Introduction 17.2 Features of the Indian Economy 17.3 Growth and Development 1 7.4 Mixed Economy 1 7.5 Demographic Transition 1 7.6 Sectoral Composition of GDP 1 7.7 Employment Structure 1 7.8 Inter-Governmental Fiscal Relations 17.9 Let Us Sum Up 17.10 Key Words 1 7.1 1 Answers to Check Your Progress Exercises - - 17.0 OBJECTIVES After going through this unit‚ you will be able to: identify the important features of the Indian economy; distinguish
Premium Economics Economy Gross domestic product
000 hours to master a skill. In Outliers‚ Gladwell uses Bill Gates as an example. According to Gladwell‚ Gates spent approximately 10‚000 hours practicing coding‚ honing the skills that he would later use to build his multi-billion dollar software company known as Microsoft. Bill Gates is a real-life example of the idiom “Practice makes perfect”. The 10‚000 hour also factors into education. In order to ensure success in school‚ I must reform my academic habits by spending more time on my work. I
Premium Education Teacher School
Deep Economy‚ Chapter Two: The Year of Eating Locally Darlene Chan-Arias‚ Krystle Kaye‚ Cammie Lawson Salvador Pacheco‚ Madison Quiroga‚ English 301 Professor Kathleen Patterson California State University Fullerton Chapter two of Deep Economy‚ written by Bill McKibben‚ starts out by the author trying to eat food only in season and locally. The point of his experiment was to give him insight on what it was to truly eat locally. Vermont during the winter is not
Premium Sustainable agriculture Agriculture Organic farming
almost every young European person that it is so hard to find a job in Spain‚ and why is the Spanish economy so weak‚ with so much debt and with such high unemployment? Well‚ there are many reasons to explain the failure of the development of a stable and sustainable economic system of such an industrialised country‚ with so many resources and influences all over the world during the last 600 years‚ that it should appear as other rich and influential European countries‚ such as Germany‚ France or
Free Unemployment Economics Economy