What are the Key Characteristics of Different Sectors?
Each sector has unique characteristics that influence its operations and market dynamics:
Primary Sector: Dependent on natural resources and affected by environmental factors. Market prices can be volatile. Secondary Sector: Capital-intensive with a focus on production efficiency and quality control. Tertiary Sector: Service-oriented, requiring high levels of customer interaction and experience management. Quaternary Sector: Knowledge-driven, requiring skilled labor and continuous innovation.