GEOG101 Lecture Notes - Lecture 7: Tertiary Sector Of The Economy, Management Consulting
Document Summary
Economies with rapidly declining primary and secondary economies. Tertiary and higher sectors; financial services, it, management consulting and high level decision making. Tertiary: value-added manufacturing low to medium skills services. Fulfilling the usual functions found in towns and small cities: supports primary and secondary activities, 74% of the canadian labour force, ex. Lifestyle changes not wanting to work on a farm anymore. Not seasonal job stability, higher salaries elsewhere. More job opportunities and opportunities of promotion. 1 billion tourists annually and more than 35% to developing countries. Main tertiary activity in developing countries; perhaps only activity. One of few tertiary activities with strong spatial dependency. Tax consultants, software developers, executives, government officials, professors etc. 1949- backward countries recognized now as the advanced countries . Least developed, emerging economies transitional economies (moving from a communist system to a free market system or a developing transitional economy; secondary to tertiary)