The four most widely recognized types of production, particularly Bookkeeping Services Jersey City the entire economy, are known as the Sectors of the Economy. These sectors categorize economic activity based on the stage of production and the nature of the output.

1. Primary Sector (Extraction)
The primary sector involves the extraction and harvesting of natural resources directly from the earth. This is the starting point for nearly all production processes.

Core Activity: Obtaining raw materials.

Examples: Agriculture (farming), fishing, forestry, mining, and quarrying.

Worker Classification: Often referred to as Red-Collar Workers due to the outdoor and manual nature of the work.

2. Secondary Sector (Manufacturing)
The secondary sector takes the raw materials supplied by the primary sector and transforms them into finished or semi-finished goods. This involves processing, manufacturing, and construction.

Core Activity: Manufacturing and construction. It creates form utility by changing the shape of the raw material.

Examples: Automobile production, textile manufacturing, chemical engineering, and building construction.

Worker Classification: Often referred to as Blue-Collar Workers.

3. Tertiary Sector (Services)
The tertiary sector, commonly called the service sector, provides intangible services rather than producing physical goods. It supports and facilitates the production activities of the other sectors, and supplies services directly to consumers.

Core Activity: Provision of services.

Examples: Retail, transportation, banking, insurance, entertainment, health care, and education.

Worker Classification: Often referred to as White-Collar Workers.

4. Quaternary Sector (Knowledge)
The quaternary sector is a specialized subdivision of the tertiary sector focused on knowledge-based activities. It is essential for an advanced, information-driven economy.

Core Activity: Intellectual services, information generation, and sharing.

Examples: Scientific research and development (R&D), information technology (IT), consulting services, and specialized education.

Note: Some economists further subdivide this into a Bookkeeping and Accounting Services Jersey City, which includes the highest-level decision-making roles (like senior government officials and top executives).