LICs, MICs and HICs

LICs have mainly primary industry such as farming because they are in early stages of economic development and so do not have many factories. They are like the UK was about 150-200 years ago. Most people live in rural areas and there are not many machines to help with primary activities such as fishing.
Many MICs are newly industrialised countries (NICs). Many transnational companies (TNCs) have set up manufacturing factories in NICs due to their cheap labour and land. This is a reason for their increasing amount of secondary industry (up to 40%). People are migrating from rural areas to urban areas for the work in the factories.
HICs have high a proportion of tertiary industry (up to 70%) because they have mature economies where people pay tax for good public services and have high disposable incomes resulting in a demand for other services. Most people live in urban areas and there are few jobs in primary industries due to mechanisation and a change in attitudes towards primary jobs.
Rural - Countryside
Urban - Towns/Cities
Mechanisation - Machines that do the work instead of people

Resource summary

	Created by amberflowerdew1 over 10 years ago