Paris Guide

Economy of Paris  



Paris is having a large economy in the world. If we see it in the global context among the other cities of the world then it would get a sixeenth rank with respect to the other cities.
The Paris city is considered as premier center of economic activity. Now the economy of the Paris is shifting towards many oher sectors like finance, IT sevices, manufacuring electronic goods, optics and aerospace etc. Economy of the paris is not specialised in a one particular area like the other cities of the world. Paris is counted in the one of the important manufacturing houses of the Europe.

In a survey counducted in the 1999 shows that 5,089,170 employees are there in the urban area of Paris out of which 6.6% in education, 16.5% employed in the bussiness services, 8.7% in health services, 13.09% in commerce, 8.2% in transportation and communications, 12.3% in manufacturing, 10.0% in public administrations and defense and the rest of the 24.7% in other different sectors. Paris is a tourist place and about 6.29% workers are there who are providing Tourism and tourist related services.

The economy of the Paris divide in two different sectors:

Primary Sector: The products from this sector consists of the raw meterials that are made for the other industries. The main bussiness in this sector consists of agriculture, agribusiness, fishing, forestry and all mining and quarrying industries. The industries that cumulate, pack, package, purify or process the raw materials nearly to the main producers are normally considered section of this sector, particularly if the raw material is unsuitable for sale or difficult to transport long distances. Primary industry is a greater sector in developing countries, for example, animal husbandry is more common in Africa than in Japan. Mining in the 19th century South Wales is a case study of how an economy can come to rely on one form of business.

Secandary Sector: Secondary sector of the economy that involves those economic sectors that create a finished, usable product manufacturing and construction. In Secandary sector the prepared goods are those which are finally usable. All the raw material that is used in this sector is the materials which is prepared in the industries comes under the primary sector. The material which is prepared in this industries is suitable for the use by the people, for the export purposes. All the manufacture industry of electrical and electronic equipment, publishing indusry, manufacture of machinery and equipments etc comes under this category. Groupings of companies that respond equivalent to given economic situations. Sectors can be as broadly defined as producer stocks and consumer stocks or particularly defined as sub-sectors. Twelve sectors that have the size, individuality and representational value to be good for investment target are cyclicals, noncyclicals, basic materials, energy, financial, technology, media and entertainment, utilities, health care, real estate, transportation and retailers/wholesalers. These have been broken down into one hundred or more sub-sectors representing types of business, such as airlines and chemicals. This sector normally takes the output of the primary sector and manufactures finished goods or where they are useful for use by other trade, for export or sale to domestic consumers.

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