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Exploring Types of Production in Economy
May 5, 2025
Types of Production - Key Points
Overview
The article discusses the three main types of production, also known as sectors of industry, which are primary, secondary, and tertiary.
Types of Production
Primary Production
Involves extraction of raw materials or natural resources from the land.
Examples:
Farming
Mining
Fishing
Oil production
Secondary Production
Involves manufacturing or processing raw materials into new products.
Examples:
Car manufacturing
Food production
Building companies
Tertiary Production
Involves providing services rather than goods.
Examples:
Hairdressing
Banking
Supermarkets
Cinemas
Economic Shifts in the UK
Initial focus on primary production (e.g., farming, fishing, mining) until the mid-18th century.
Industrial Revolution
: Shift to secondary production (manufacturing) from late 1700s to mid-1800s.
Key industries: textiles, iron, steel.
Urban migration for factory jobs.
Late 20th century: Shift to tertiary sector economy (services).
Driven by technological advancements, globalization, and changing consumer demands.
Factors Contributing to Economic Shifts
Industrial Revolution
Invention of machinery increased manufacturing efficiency.
Reduced need for agricultural labor.
Migration from rural to urban areas for factory jobs.
Globalization and Resource Discovery
Access to new materials and global trade expansion.
Discovery of resources like coal in Britain.
Technological Advancements
Recent technology (e.g., computers, automation) transformed the job market.
Decline in manufacturing jobs, rise in service sector opportunities.
Examples: web design, software development.
Self-Test Section
Encourages checking understanding of dominant economic sectors before the Industrial Revolution.
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View note source
https://www.bbc.co.uk/bitesize/topics/zc7y7v4/articles/zgh6rmn