Economy Segments

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Economy Segments (hereinafter, the Lectio) is the second lesson part of the Industries and Specialties lesson that introduces its participants to industries, professional specialties, and related topics.

This lesson belongs to the Introduction to Employment session of the CNM Cyber Orientation. The Orientation is the second stage of the WorldOpp Pipeline.


Content

The predecessor lectio is What Economy Is.

Key terms

Economy segment. An area of the economy. Two major conventional classifications divide enterprises in:
  1. Three groups, the public sector, private sector, and nonprofit sector, depending on their ownership.
  2. Three or four groups, the primary sector, secondary sector, tertiary sector, and, optionally, quaternary sector, in which enterprises are grouped based on a type of produced products. This classification also fits into economic phases of precedence, since lower levels of the economy emerged before higher levels and higher levels depend on lower ones. However, every enterprise usually produces some mix of products, so it can belong to several segments.
Both classifications use the same term, sector. Neither of the classifications takes single households into account.

Script

Economy segments may be classified in numerous ways. Two can be considered conventional ones. Fortunately or unfortunately, both use the same term, sector.
Depending on their ownership, enterprises can be easily divided in the public, private, and nonprofit sectors.
Another classification groups enterprises based on a type of produced products. This classification is less clear because one enterprise may produce various types of products, but still popular. Its sectors are ranked in the way how they were launched historically.

Three or four groups, the primary sector, secondary sector, tertiary sector, and, optionally, quaternary sector, in which enterprises are grouped . This classification also fits into economic phases of precedence, since lower levels of the economy emerged before higher levels and higher levels depend on lower ones. However, every enterprise usually produces some mix of products, so it can belong to several segments.Both classifications use the same term, sector. Neither of the classifications takes single households into account.

What Industry Is is the successor lectio.

Quiz