Economic Structure

Economic structure refers to how a country’s economy is organized, including the types of industries, businesses, and resources that drive it. It describes the balance between agriculture, manufacturing, and services, as well as the role of government, private companies, and individuals. A developed economy often has a large service sector, while developing economies rely more on agriculture or manufacturing. Understanding economic structure helps explain a country’s growth potential, employment patterns, and economic stability. Essentially, it’s a snapshot of what an economy is made of and how its various parts work together.