Economic structure

Economic structure refers to the way in which an economy is organized, particularly in terms of its various sectors and the relationships between them. This encompasses the distribution of economic activities, the allocation of resources, and the flow of goods and services within a market. Understanding an economic structure is key to analyzing the performance of an economy, identifying areas of growth, and determining the impacts of policy changes. It includes the interplay between primary sectors (like agriculture and mining), secondary sectors (such as manufacturing and construction), and tertiary sectors (including services and technology). A well-balanced economic structure can enhance stability, foster sustainable development, and improve overall prosperity.