Over the past ten years there has been a significant change within the various sectors and industries. For examples there are a lot of businesses who have the same common goals in business that they use the same production/raw materials and they also may produce products of similar identities. Most businesses use the same production methods in order to produce. To start with, they all use an advanced technological way of completing tasks and finishing productions.



The three sectors, which are mainly involved, are, Primary which is including all agriculture business, fishing and mining. These are an economic necessity as they are responsible for producing many raw materials bound for factories and manufacturers. The agriculture business is very important to us in the UK as it provides a lot of our food supplies that also aids the economy. The likes of cheese and milk are an important factor for our day to day lives. The secondary sector is also important for the manufacturing of good's which brings to raw materials into a newly designed product. This is an important sector for the British economy as it is important that the industry makes enough money to affect Britain's balance of economics. The Tertiary sector is one of the biggest sectors in the UK mainly providing a service it is the most important facilities. Providing such items like education, health, entertainment, sport, banking, retailing and administration it is one of the most profit-making industries in the country and can be expected to grow even more over the next ten years.

Over the past ten years there has been a growing amount of labour foiled into the world. For example places like Hollywood provides masses amount of entertainment and is also broadcast to the world gives Hollywood an international market. London has its big banking service where people who have been employed in financial services may decide to come to the UK for employment, as there are more opportunities here for them. The factor endowment theory has also been brought into place, oil is nor found everywhere in the world and it is important that we take great care with this product as it can run very scarce.

The quality of labour has also increased over the past ten years with un-employment falling and more and more people, being able to find work someone must be providing good qualities of labour. Countries that have large supplies of low cost labour will be able to specialise in labour intensive work. Such as unskilled activities, people in the Far East are normally employed by big sports brands in producing products to a very minimum standard but at very little cost to the company. Also in the Far East it is very popular to build electronic goods and also Bangladesh is also used in ship dismantling. On the other hand countries that have a lower supply of labour were expected to provide labour in the skill intensive range. These jobs would include research and development, aircraft and avionics, medicine and pharmaceutical products.

The de-industrialisation period that Britain went through was horrific with people forced out of their jobs. The loss of the steel industry crippled Britain with employees facing the daunting prospect of having to find jobs that they haven't been trained for have a very little understanding of. Manufacturing is becoming less important as many tertiary businesses are now able to manufacture products such as food retailing where large supermarkets. As they get everything in raw and then use creative thinking to produce new products instead of having their manufacturer doing this for them thus costing more money to the business.

Over the next ten years it will be important and necessary to telecommunications groups to form as one so that no company can abuse its monopoly which can take more power than other's. Many companies will perhaps close shops and deliver straight from the factories. This will be mainly due to Internet access increasing because over peoples ability to be able to afford calling over the internet and also the trusting of buying over the internet. This would perhaps be very cost effective as many large chains could close down costing the companies less money than is necessary to spend. The Internet is still growing with more and more people joining everyday with people being able to buy everything in the shops over the Internet.