GEOG 3 Lecture Notes - Lecture 9: Tertiary Sector Of The Economy, Sugarcane, Intellectual Property
29 Jul 2020
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Document Summary
The term globalization refers to the worldwide changes brought about by many types of flows that reach well beyond economics. Political activities are becoming more global in scope as international agreements are necessary to manage an interconnected world. Globalization is the most complex and far-reaching of the thematic concepts described in this book. The economy is the forum in which people make their living, and resources are what they use to do so. Extractive resources that must be mined from earth"s surface (mineral ores) or grown from its soil (timber and plants). There are also human resources, such as skills and brainpower, which are used to transform extractive resources into useful products. Economic activities are often divided into four sectors of the economy: The primary sector is based on extraction (mining, fishing, forestry, and agriculture) Second sector is industrial production (processing, manufacturing and construction) Tertiary sector is services (sales, entertainment, and financial)
