Development Studies

industrial Structure When we say industrial structure in industrial economics, two meanings of industrial structure are identified and distinguished (1) Industrial Structure refers to the relative importance of individual industries or groups of think industries within an economy and to the sample of transactions between these industries. (2) Industrial market structure refers to the levels of sellers and buyers concentration, the height of entry barriers and the degree of return differentiation within industrial markets. PATTERN OF INDUSTRIAL structure AND ECONOMIC DEVELOPMENT C.Clark has established a relationship between the pattern of industrial structure and different stages of economic development. Pattern of industrial structure ahs been studied in terms of a tercet area economy in which economic activity is classified advertisement as either primary, secondary or ordinal. The primary fruit means the production of new materials, the secondary production, the processing of cutting materials into finished products, and the tertiary production, the production of services.

The primary sector is oftentimes defined to allow in agriculture and extractive industries, the secondary sector to include manufacturing and construction industries and the tertiary sector to include the service industries. However, departures from this miscellanea system do occur. For example, mining activities are sometimes include in the secondary sector, and the generation of elasticity and other general sector manufacturing activities may be included in the tertiary sector. According to the World Banks (IBRD) classification, agriculture sector, mining, manufacturing, construction, electrical energy water and gas supply activities as the industry sector; and all other branches of economic activities as the service sector. These discrepancies pick up to be taken into account when making comparisons between studies. The studies accommodate been made either by comparing different... If you want to trounce a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .