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A Outline How And Why The Sectoral Balance Of An

a) Outline how and why the sectoral balance of an economy might change as it develops

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Title: a) Outline how and why the sectoral balance of an economy might change as it develops

Essay Details:

Subject: Business

Author: Jenna M

Date: September 8, 2012

Level: University

Grade: A

Length: 3 / 751

Essay text:

The third sector "tertiary sector" produces services such as transport, financial and leisure. Typically countries go through a similar pattern of sectoral change, from the first stage of primary dominance, onto secondary and finally ending with tertiary dominance. The first stage of primary dominance is based on the Agrarian society, with its economy based on agriculture. There is some surplus production that leads to the desire for trade, coherently creating the leisured class. Scientific discoveries lead to technological change which, when applied to agriculture made more efficiently produced goods...

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