The industrial Economy

The UK Economy is the -

The 7th largest in the world
The 3rd largest in Europe
& is one the most globalised countries...

What is an industry sector?

A goods-producing segment of an economy
An area of the economy in which businesses share the same or a related product or service

Primary sector -

The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and commercial), mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying. The packaging and processing of the raw material associated with this sector is also considered to be part of this sector.

Secondary sector -

The secondary sector of the economy manufactures finished goods. All of manufacturing, processing, and construction lies within the secondary sector. Activities associated with the secondary sector include metal working and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries and bottlers, construction, and shipbuilding.

Tertiary sector -

The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses. Activities associated with this sector include retail and wholesale sales, transportation and distribution, entertainment (movies, television, radio, music, theater, etc.), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law.

Quaternary sector -

The quaternary sector of the economy consists of intellectual activities. Activities associated with this sector include government, culture, libraries, scientific research, education, and information technology.

Quinary sector -

Some consider there to be a branch of the quaternary sector called the quinary sector, which includes the highest levels of decision making in a society or economy. This sector would include the top executives or officials in such fields as government, science, universities, nonprofit, healthcare, culture, and the media.

Why are industry sectors important?

They make it possible to Predict trends, by dividing an economy into different sectors with defined similarities allows for a more in-depth analysis of the economy as a whole. You can start to look at Regional, National, International... Whatever the localised practices, they can be compared on a global scale.

Why do you need to be aware of economic sectors?

It allows you to develop an awareness of where you can benchmark yourself, allowing you to develop a strategy and become more aware of the competition in each of the sectors. On a whole it can make your practice unique and tailored to fit into a specific area. You can almost predict where competition is thriving and where it is less prevalent.

The service Industries; An industry made up of companies and organisations that primarily generate revenue through providing often intangible products or services. Service industry companies are involved in real, transport, distribution, food services, a swell as other service dominated business's, also called Service sector or Tertiary sector.

Service industries can be divided into 3 further sectors...

PUBLIC SECTOR: The part of the economy concerned with providing basic government, state or publicly owned services. ////// The composition of the public sector varies by country, but in most countries public sector services include the police, military etc...

The public sector usually provides services that are free at the point of delivery and a non-payer cannot be excluded from (such as street lighting, emergency services...) These services are often of benefit to the whole of society rather than just the individual who uses them (such as public education, local government, NHS).

They are services that develop and encourage the development of equal opportunities.*******

PRIVATE SECTOR: The part of the economy that is not state controlled and is run by individuals and companies for profit. the private sector encompasses all for profit businesses that are not owned by or operated by the government. In most free-market economies, The private sector is the sector where most jobs are held. Which differs from countries where the government exerts considerable power over the economy like in the people's republic of China.

The part of national economy is driven by private enterprise and investment. it includes the personal sector and the corporate sector and is responsible for allocating, distributing or accessing most of the resources within an economy.

These services are delivered for profit and are usually only by accessed by payment which may benefit the society as a whole.

THIRD SECTOR: The part of the economy that includes voluntary or not-for-profit sectors or organisations. the third sector includes voluntary and community organisations, professional associations, self-help groups and community groups.

TSO's Third Sector Organisations - "An intermediary space between business and government where private energy can be deployed for public good" Jim Joseph.

The presence of a large non profit sector is sometimes seen as an indicator of a healthy economy in local and national financial measurements. The non profit sector is increasingly central to the health and well being of society.

Service industries include -

Creative industries
Education and health // social work
Financial and Business services
Hotels and Restaurants
Other social and personal services
Public administration and Defence
Real Estate and Renting
Tourism
Transport storage and communication
Wholesale and Retail trade

THE CREATIVE INDUSTRIES // Refers to a range of economic activities which are concerned with the generation and exploitation of knowledge and information. They may variously also be referred to as the cultural industries (especially in Europe) or the creative economy.

This is a broad concept of domain in which the activities related to creative work creation or production are carried out, it could be a synonymous term for the entertainment industry.

In general, it's a set of service enterprises that engage in economic activities originating in individual skill, creativity, and talent and which furthermore have the potential for wealth and job creation.

Creative industries -

Advertising
Architecture
Art and antique markets
Crafts
Designer fashion
Film, video and photography
Graphic design
Software, computer games and electronic publishing
The visual and performing arts
Publishing
Television
Radio
Music industry
Film industry
Animation industry
Game industry.

"Design is the thread that connects ideas and discovery to people and markets" The business of design, The Design Council 2005

185,500 designers are generating £11.6 billion in annual turnover
62% of designers are under 40
31% of design businesses are based in London ( 69% isn't )
59% of design companies employ fewer than 5 people
Over 50% of UK design businesses work in communications, digital and multimedia design.

Working in the creative industries - there are 3 main types of companies working in the creative industries

- Design studios/ consultancies

- In-house design teams

- Freelance designers

Disciplines in the creative industries

Communication design

Product and industrial design

Interior and exhibition design

Fashion.

Communication design

Graphic design & Illustration

Retail and Promotion

Publishing and Editorial

Product and Packaging

Branding and identity

Information and way-finding

Type & typographic design

Print & production

Digital and multimedia design.

50% of designers working in communication design also work in digital and multimedia design. These 2 areas are the most integrated disciplines within the creative industries. they service all sectors of local, regional, national and inter nation economic sectors.