Growth and Decline

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Areas of growth and decline in the primary, secondary and tertiary classifications of business activities Firstly the primary sector, obtain or produces raw goods. The secondary sector manufactures and constructs goods. Finally the tertiary sector provides services to businesses and/or individuals. Over time whole sectors can grow or decline.

Absolute growth or decline means that on its own a sector is getting bigger or smaller. If this type of decline happened continuously, one day a sector would disappear. Relative growth or decline means a sector is doing better or worse compared with other sectors. It may be growing relative to other sectors but still not doing very well. Or it may be declining relative to other sectors, but doing quite well on its own. Overall the primary and secondary sector is declining and the tertiary sector is growing. This is because we as a country are becoming more of a service culture. The primary and secondary sector has decreased because we can now use machinery to do certain jobs that people used to do and so people have to find work elsewhere in the tertiary sector. The primary sector has decreased rapidly through time from 1980 to 2002 and the employment rate for primary industries has decreased by over 65% going from 3.6% to 1.4%. This is because people no longer produce their own food or own animals for meat and so as the years went on people started to trade the food that they produced and the animals they owned for other products which leads on to the tertiary sector. However within the sector the output has risen from. Fishing fleets, coal mining and quarrying are all examples of areas in the primary sector that has declined. This is because machinery can do most jobs that people used to do, foreign industries also became more competitive and imports such as coal became more affordable. As the availability of coal declined in the UK, and also became more expensive to extract more coal was imported. This led to a...
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