The Primary Economy

What is the primary economy? Where is wealth produced?

Farming and ranching. Mining. Lumber. Transportation. Insurance. Marketing. Retail and wholesale. Storage. Repair. Design and engineering. Research. Warehousing. Manufacturing. Medicine. Law.

Everything else is downstream, reliant on that wealth…

Secondary economy: Public schools K-12. Public higher education. Public service jobs. Government; federal, state, county, city. Non-profits. Charitable institutions such as churches.

 

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2 Responses

  1. Hello Tom,

    Are you suggesting that mining is more important to society than teaching in the public schools? That is the way your message comes across.

    Your friend,
    Greg

  2. Without the former, you can have none of the latter, with all of the (mostly) valuable things therein.

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