Changing Economy
- Created by: caits
- Created on: 08-04-14 17:48
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^^^ The Clark Fisher Model:
1. Pre Industrial:
- Primary industry was domimant
- Income was low
- The first stage is about mining and other primary employment
2. Industrial:
- Industrial periods are dominated by the secondary sector
- New factories spring up and town begins to grow
- The focus of the tertiary sector is centred on transport, water, electricity and finance
- The tertiary sector grows at a very fast pace
- As economies develop and income rises the demand for agriculture and manufactured goods will increase
- The tertiary sector is about services such as health, haridressing…
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