in regional economics, we call this the economic base analysis
http://en.wikipedia.org/wiki/Economic_base_analysis
- base sectors are those that produce and export stuff for other regions/countries (think of mining; oil; auto; elite college ...);
- service sectors are local sectors that support base sectors (think of barber, bank, grocery, etc).
once base sector job is gone, service sector will disappear.
just my 2c
http://en.wikipedia.org/wiki/Economic_base_analysis
- base sectors are those that produce and export stuff for other regions/countries (think of mining; oil; auto; elite college ...);
- service sectors are local sectors that support base sectors (think of barber, bank, grocery, etc).
once base sector job is gone, service sector will disappear.
just my 2c