Economic Change

Primary sector:

Extraction of raw materials e.g. cotton farmer.

Secondary sector:

Manufacturing of raw materials into goods or products e.g. clothes factory.

Tertiary sector:

Also known as the "service sector". It sells goods or provides a service e.g. Sports Direct.

Quaternary sector:

This sector focuses on information and communications technology and research and development. Universities are part of this sector. E.g. Instagram.

Fishing

Why did I lose my job?

• Depletion of stocks caused by overfishing. This is because there are larger vessels with modern equipment to help locate fish shoals and then trawling larger nets to catch them.

Impacts:

• It means you can't support your family, therefore, you can't pay bills or rent. One has to stuggle.

• As countries develop, they do not need as many people working in the primary sector because they can import goods cheaply
• The secondary sector increases due to better pay and there is promoted growth in factories
• Decreased secondary sector in post-industrial

Globalisation:

The process of the world becoming more connected through transport, trade and technology.

Deindustrialisation:

Decline in the secondary sector (manufacturing)

Global superhighway:

The name given to the connections created across the world from communications network.

Communications network:

The different ways in which people and places connect across the world e.g. Internet, mobile phones, etc.

Automation:

The use of machines to replace manpower.

• Laws were put in place to protect steel workers
• Global demand for steel was low
• Competition from overseas especially, S.E. Asia
• Poor management
• Lack of investment
• Outdated working practices
• Expensive workers
• Cheap labour abroad
• Companies shut down because they are not successful
• Other companies have more efficient factories, using better technology

Impacts on the UK:

• High unemployment
• Less exporting/trade from the UK
• Poor economic growth
• Tax increase
• Increase in crime
• Increase in migration

Impacts on LEDC's:

• More exporting--good economically