Modern sources of profit
The first was the primary sector of the economy, which includes agriculture and mining. The primary sector of the economy was based on the economy of human communities, in fact, until the 17th century, and in some places later. Even now, in Africa, you can find communities living at the first level of the economy.
It was these people who constituted the elite and had the highest standard of living
It was the owners of the assets of the primary sector of the economy, and these included land, agricultural land, forests, mines and the like that were during the “reign” of this sector the richest and most influential, because it was they who controlled the sources of profit. It was these people who constituted the elite and had the highest standard of living.
The following was the secondary sector of the economy, which includes the processing industry. The emergence of this sector marked the emergence of a new type of economy – the industrial economy. People who owned assets in this sector became an elite, because it was they who controlled the new sources of profit.
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Sources of 20th Century Profits
The 20th century was marked by the emergence of a new sector of the economy. It is easy to guess that they became the tertiary sector, which was built on the secondary. Sources of profit went to businessmen who owned assets in this sector. This sector includes the production of services, technology, software and other intangible wealth.
All who could not adapt very quickly lost their previously acquired
This also includes logistics and optimization of financial flows, for example through offshore companies. Again, as with the previous change in the type of economy, all those who did not understand that it had changed were ruined. In addition, power passed to those who represented the tertiary sector. Everyone who could not adapt very quickly lost what they had previously acquired.
Since about the 80s of the XX century, the tertiary sector began to gradually lose ground, and in the last decade of this century, it completely lost their quaternary sector. The quaternary sector includes the creation of fundamental results, the formation of the level of qualifications of employees, as well as the commercialization of new ideas.
The Quaternary sector is now the most promising and profitable. But he did not have long to dominate, because it is assumed that in 2020-2030 the fivefold sector associated with the formation of motivation will come out on top. But for now, the Quaternary sector is still dominant. All sources of profit are in it.
It is through this sector that the first three sectors of the economy are subsidized, which everywhere became unprofitable
It is through this sector that the first three sectors of the economy are subsidized, which have everywhere become unprofitable. In general, if we consider the economy globally, then a very distinct pattern is revealed. It manifests itself in the fact that the business associated with the primary sector, after it has lost its importance, everywhere became unprofitable.
In developed countries, we see gigantic volumes of subsidies to agriculture and the mining industry. If we consider the countries based on the primary sector of the economy, and these are the countries of Africa, some countries of Latin America and even the CIS, then it is obvious that they are actually subsidized by countries that are most developed economically.
Grants as sources of profit
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A similar situation has emerged recently in the industrial sector of the economy. Industrial sectors of the economy in developed countries of the world, in fact, are also subsidized. Take, for example, the automotive industry, a symbol of the industrial era. So since the end of the 70s it has been subsidizing billions of US dollars.
In the modern economy, the main sources of profit are in the Quaternary sector.
The only exceptions are companies that have post-industrial elements. They maintained profitability, but in fact the industrial part of these companies is subsidized by the post-industrial part. One of the best examples is Porsche, which earns more than others from the sale of one car due to the post-industrial component.
In the modern economy, the main sources of profit are in the Quaternary sector. However, in some industries, the tertiary sector is still profitable. Within its framework, the products are: software, qualified services, technology, mass culture products, finance, including the world reserve currency – the US dollar.
It is due to the profits received in the high sectors of the world economy that subsidize lower sectors of the economy, and on a global scale. This means that more developed countries subsidize less developed ones. Subsidizing occurs because there is a need for low-sector products, even though their production is not profitable.