GNED-135 Lecture 7: ECONOMIC STRUCTURE OF FRANCE
Document Summary
Economic structure refers to the changing balance that exists in output, trade, income and employment that is gathered from the different sectors that makes up the economy of a country. These sectors are made up of the primary sectors for example, farming, mining, and etcetera to secondary sectors which comprise of manufacturing and construction industries to tertiary sectors like tourism and banking. These sectors can be grouped into three major sectors and these are industries, services and agriculture. These different sectors are what makes up the economy of a country and different countries depend on majorly on these sectors for their economies. In 1960, france depended on hugely on the services sector to push its economy further and this position has not changed over fifty years later. Furthermore, other service provision industries for example the banking industry, has grown thus increasing the contribution of this sector to the gdp of the country.
