9609 · 1.2.1
Economic sectors
**Economic sectors** (1.2.1) — classify **case firms** quickly in exams. Note **structural change** when discussing developed vs developing economies.
Need to know
What you need to know
- Involves extraction of raw materials (e.g., farming, mining, fishing).
- Often the dominant sector in developing countries in terms of employment.
- Output serves as the input for the secondary sector.
- Highly susceptible to environmental factors and global commodity price fluctuations.
Explanation
Economic sectors
- Involves extraction of raw materials (e.g., farming, mining, fishing).
- Often the dominant sector in developing countries in terms of employment.
- Output serves as the input for the secondary sector.
- Highly susceptible to environmental factors and global commodity price fluctuations.