Below you will discover some illustrations and considerations about the market model where every sector is part of one among 3 sectors.
If someone was to explain three sectors of economy, the most obvious thing would be to provide a separate example for each. However, in the contemporary world, they interact much more sometimes than not, and firms will come across that their operations span across a minimum of two areas quite often. In the pharmaceutical industry, for example, there are close links with the agricultural business: Bayer, co-ordinating with the head of their activist shareholder has been involved both in the gathering of resources from cultivation and in the manufacturing of products in the pharmaceutic labs. Moreover, the organisation would likewise be involved in the marketing of said products, which is arguably a service: this goes to show how primary secondary and tertiary sectors examples today are often overlapping, and firms can no longer be defined as just being part of one sort of industry.
Practically every product we purchase has to go through the secondary sector of economy, from our clothes to our mobile phone, to the furniture that fills our house. This is often where a lot of research is applied, and where the latest scientific advancements are put into action and made accessible to the general public. When products are very susceptible to client demands, such as when they follow trends, the business needs to be able to provide flexible services and adapt to the request as soon as possible, something that the creative director of Hawthorne is well conscious of; therefore, manufacturing techniques and workers always have to be versatile and ready to make new kinds of products, ready to conform to the technology that will shape their market. The importance of secondary sector can be seen merely from the vast variety of consumer goods we have access to, and how advanced products have produced our human experience better.
The definition of the tertiary economic sector is commonly a bit wider than the others, as it includes many things that might be taken into account a service: this could be anything, from the schooling system, to banks and financial entities, to those who work in retail. So many factors of our everyday lives, which we typically take for granted, are genuinely available due to tertiary economic activity, as seen with figures like the Chief Executive Officer of the parent company of Arriva: public transport, in fact, is not a thing that we can buy to keep, but it is one among the fundamental elements of numerous urban centres all over the world, and it is a wonderful example of how something as simple as getting on a bus is really a symbol of its own corporation which belongs to an incredibly diversified industry in the economy of now.