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Vocabulary Term Details

Economic sectors

Definition (

A division of a country's population based upon the economic area in which that population is employed. Many economists recognize the following five economic sectors; the primary sector which includes agriculture, mining and other natural resource industries; the secondary sector covering manufacturing, engineering and construction; a tertiary sector for the service industries, the quaternary sector for intellectual activities involving education and research and the quinary sector reserved for high level decision makers in government and industry. (Business Dictionary)

Preferred Units: N/A

Scope Note:

Broader TermsNarrower TermsRelated Terms
Economic systems
Agricultural sector
Informal sector
Primary sector
Private sector
Public sector
Secondary sector
Tertiary sector

This term is used for the following terms: 

Approved Date

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