ECONOMICS AND MANAGEMENT SCIENCE/ SECTORS OF THE ECONOMY GRADE 9

Introduction

Good day grade 9 today lesson is about the sectors of the economy 

I will explain the sectors of the economy and from there explain the relationship between these economies.

By the end of this lesson I expect you guys to be able to know the difference between the sectors of the economy, know the relationship between the three sectors of the economy and be able to analyse the supply chain of production.

 

 

Task

By the end of this lesson I expect you guys to be able to know the difference between the sectors of the economy, know the relationship between the three sectors of the economy and be able to analyse the supply chain of production.

the following notes is the explanation of these sectors of the economy and the interrelationship between the three sectors of the economy.

The three sectors theory is an economic theory which divides economies into three sectors of activity : extraction of raw materials (primary),manufacturing (secondary) and service (tertiary).Although primary secondary and tertiary sectors are different they usually work together cooperatively to produce a product. Many goods pass through all three sectors of the economy known as production chain.

The chain of production follows the construction/manufacturing of a good from its extraction as a raw material through to its final sale to the consumer.

it is clear that the various economic activities though grouped into three different sectors are highly interdependent. Here are examples of economic activities which shows how the three sectors are dependent on each other.

(a) turn the primary sector depends on the secondary sector, for example if sugar mill decides not to buy sugarcane from a sugarcane farm the sugarcane farm will became less profitable and may even lead to bankrupt and might cause the farm to close.

(b) Farmer sells sugarcane to a particular sugar mill. If this farmer refuses to sell sugarcane ,the mill will have to close down this is an example of a secondary sector being dependent on the primary sector. the secondary sector depends on the primary sector for raw material.

(c) People working in retail store get their product from the factories/manufacturing company if the factories decide to stop producing products for that retail store than there would be no stock to sell and if there is no stork there is no profit which can lead to the retail stores closing down, this is another example of how Tertiary sector is dependent on secondary sector.

 

Process

The following notes is the explanation of these sectors of the economy and the interrelationship between the three sectors of the economy.

The three sectors theory is an economic theory which divides economies into three sectors of activity : extraction of raw materials (primary),manufacturing (secondary) and service (tertiary).Although primary secondary and tertiary sectors are different they usually work together cooperatively to produce a product. Many goods pass through all three sectors of the economy known as production chain.

The chain of production follows the construction/manufacturing of a good from its extraction as a raw material through to its final sale to the consumer.

it is clear that the various economic activities though grouped into three different sectors are highly interdependent. Here are examples of economic activities which shows how the three sectors are dependent on each other.

(a) turn the primary sector depends on the secondary sector, for example if sugar mill decides not to buy sugarcane from a sugarcane farm the sugarcane farm will became less profitable and may even lead to bankrupt and might cause the farm to close.

(b) Farmer sells sugarcane to a particular sugar mill. If this farmer refuses to sell sugarcane ,the mill will have to close down this is an example of a secondary sector being dependent on the primary sector. the secondary sector depends on the primary sector for raw material.

(c) People working in retail store get their product from the factories/manufacturing company if the factories decide to stop producing products for that retail store than there would be no stock to sell and if there is no stork there is no profit which can lead to the retail stores closing down, this is another example of how Tertiary sector is dependent on secondary sector.

Evaluation

ACTIVITY

Draw a table with three columns. Label the columns Primary Sector, Secondary Sector and Tertiary Sector respectively.

PRIMARY SECTOR

SECONDARY SECTOR

TERTIARY SECTOR

accountant,  crop farming, hairdresser, dress designer, tomatoes canning company, mining company, fishing, postal services,    school, cement factory, bread manufacturer, jewelry company, mealie farmer,cosmetic company, strawberry farmer

 

Conclusion

Please make sure you complete the activity and email it to me for marking

@217222102NtwanambiS@gmail.com 

we gonna do the corrections on Microsoft teams session and emphasise the main points about the lesson.

 

Credits
  • Spot on economic and management science textbook grade 9
  • Viva economic and management science textbook grade 9
  •  

Teacher Page

Mr S Ntwanambi

Email: 217222102NtwanambiS@gmail.com

Feel free to email me with any queries about the lesson