The Business of Design
The UK economy is the 7th largest in the world
Different Sectors in UK Economy
Industry Sector - goods producing a segment of an economy
Primary Sector
Anything that is extracted and sold as a raw material (Milk, clay, oil, compost, sand etc...)
Secondary Sector
Anything produced using the raw extracted materials from the Primary sector.
Tertiary Sector
Taking the Primary and the Secondary sectors and using them in services
Quaternary Sector
Industries coming into improve, help and develop the first 3 sectors
this is the first I have heard of these sectors in the UK economy but after listening to Fred’s presentation and actually understanding how every job is catogorised into individual and specialised sectors.
It is a benefit to know these sectors as it will help you discover which sector you are most interested in
- find out which sector has the most design competition
- see where there is a gap in the market
- Understand which sector you are working in and why
Public Sector
Tax payer funding
Benefits everyone
A needed service that makes society run
Free at the point of delivery
NHS, Police, Military, Government, Council etc...
Private Sector
Businesses run for profit
Owned by individuals
Biggest employment sector
Third Sector
Non profit organisations
Volunteers, charities, Coop etc...
The sector in between Public and Private
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