Key Economic and Social Concepts Defined
Classified in Geography
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Tertiary Services and Activities
These encompass all immaterial products of economic activity designed to meet our needs. Examples include:
- Transport
- Healthcare
- Education
Post-Industrial Society
This describes an economy characterized by a strong service sector, where services constitute the most significant portion of GDP and employ over 60% of the active population. The contributing factors include:
- Mechanization
- Industrial production
- Increased living standards
- Policy development
- Research and development
- Information and communication technologies
Social Services
These are activities that ensure the welfare of people. In affluent countries, they are a consolidated "right," whereas in developing countries, they often represent a significant demand and a... Continue reading "Key Economic and Social Concepts Defined" »