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Real Estate Glossary

Economic Sectors

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Richard Wilson
Written by Richard Wilson

These are the divisions or branches of an economy on the local or regional scale where particular activities take place. There are three sectors: primary (retrieval and production of raw materials), secondary (transformation of those raw materials into goods), and tertiary (supplying of services to businesses and consumers).

These are the divisions or branches of an economy on the local or regional scale where particular activities take place. There are three sectors: primary (retrieval and production of raw materials), secondary (transformation of those raw materials into goods), and tertiary (supplying of services to businesses and consumers).

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Richard Wilson

Richard Wilson

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