By carefully navigating the challenges of industrialization vs. de-industrialization, nations can build resilient and sustainable economies that can thrive in the 21st century.
Posts published in “ECONOMIC SECTORS”
The economy is divided into 11 main sectors. A sector describes a large segment of the economy. Here is a breakdown with more details.
This article is about fours different factors of production (land, labor, capital and enterprise) and three basic sectors of production.
According to the hypothesis about sectors of the economy, the main focus shifts from the primary, through the secondary and finally to the tertiary sector.
As de-industrialization means the growing importance of the tertiary sector and the reduced importance of the secondary sector.
Industrialization describes the growing importance of the secondary-sector manufacturing industries and the reduced importance of primary sector.