Economics: Sectors & Functions Overview

Which economic sector does not primarily rely on mechanization?

Which function of economic sectors emphasizes advancements and innovations?

What characterizes the pre-industrial phase of economic development?

In which phase of economic development does mechanization of agriculture predominantly occur?

Which of the following best describes the services sector?

What do the graphs in the document illustrate about economic sectors?

Which of these regions is mentioned in the context of geographical analysis?

What is a key focus of the economic function of sectors?

Sectors of the Economy

Three sectors: agriculture (including forestry and fishing), industry, and services.
Agriculture: traditional farming practices, including transportation, and connections to other sectors like forestry and fishing.
Industry: traditional manufacturing, and evolution towards services, including financial services, advertising, and technology.

Functions of Enterprises

Social functions: shaping lifestyle, creating employment opportunities in different sectors and occupations.
Spatial functions: altering the environment, facilitating movement of goods with transportation.
Economic functions: speeding up urbanisation, manufacturing of goods, providing services, progress in technology.

Stages of Economic Development

Pre-industrial phase: marked by basic agriculture, few industries, primitive methods, eventual mechanisation at the end.
Industrial phase: marked by increased mechanisation in agriculture and the development of industrial production, creating a larger workforce, population growth, and dependence on industry.
Post-industrial phase: focus shifts towards services and technology.

Explore the key sectors of the economy including agriculture, industry, and services. Understand the functions of enterprises and stages of economic development from pre-industrial to industrial phases. This quiz covers how these sectors interact and shape economic progress.