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SteveNo, most Americans are employed in the tertiary sector of the economy, which includes services such as retail, education, healthcare, and professional services. Employment in the primary sector, which includes industries like agriculture, forestry, and fishing, has declined significantly in the United States.
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How do all the sectors work together?
All sectors of an economy can work together through interconnected relationships and dependencies. For example, the agriculture sector provides raw materials to the manufacturing sector, which then produces goods for the retail sector. Collaboration and cooperation among sectors are essential for the overall economic growth and stability of an economy.
What became the fastest-growing industry in the US during the 1950?
The television industry.
What are the three sectors linked together in a chain of production?
The three sectors linked in a chain of production are the primary sector (extracting raw materials), the secondary sector (manufacturing products from these raw materials), and the tertiary sector (providing services related to the products such as marketing and sales).
What is Japan's primary economic activity?
Japan's primary economic activity is manufacturing, particularly in the areas of automobiles, electronics, and machinery. Additionally, Japan also has a strong services sector, including finance, technology, and tourism.
What is South Korea's economy based on?
South Korea's economy is based on manufacturing, particularly electronics, automobiles, shipbuilding, and petrochemicals. It also has a strong technology sector, with companies like Samsung and LG dominating the global market. Additionally, South Korea has a strong focus on exports, with its economy heavily reliant on international trade.
