What Is Industrial Structure?

Joe Atikian

Chapter 2 in Industrial Shift: The Structure of the New World Economy, 2013, pp 7-15 from Palgrave Macmillan

Abstract: Abstract The term “industrial structure” can be used in a few ways. This chapter lays out a straightforward description of the term as a classification of the three main economic activities: the agricultural, manufacturing, and services sectors. A pivotal concept is defined: the share of each sector in GDP. As the services sector grows, the other sectors appear to shrink. This shift is, of course, merely in the relative size of each sector, and not necessarily a decline in real output. Through this discussion, it becomes apparent that the supposed decline in manufacturing is partly a mere artifact of the data reporting system. This helps to plant the idea that the popular image of decline does not accurately reflect the working economy.

Keywords: industrial (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-34031-3_2

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DOI: 10.1057/9781137340313_2

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