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What is the focus of economic development?
Adhere to the focus of economic development on the real economy.

I. Definition of the real economy

The real economy refers to the total amount of national commodity value, that is, economic activities related to the production, circulation and consumption of products and services, including industry, agriculture and all service industries except finance and real estate.

Second, the composition of the real economy.

1, production department. The production sectors of the real economy mainly include agriculture, industry and construction. Among them, agriculture refers to planting, animal husbandry and fishery. Industry includes manufacturing, mining and energy industry; The construction industry refers to housing construction, civil engineering, decoration and other fields. These industries are directly engaged in material production and processing activities and are an important part of the real economy.

2. Service sector. The service field of the real economy involves many fields such as commerce, transportation, medical and health care, education and culture, scientific and technological research and development. Among them, business includes wholesale and retail, catering and entertainment. Traffic covers land, water and air.

Medical and health care includes diagnosis and treatment, drug manufacturing and medical devices; Educational culture includes education and training, cultural creativity and so on. Scientific research and development is a new service industry with high added value.

3. Other departments. In addition to these industries, the real economy also includes national defense, military, tourism and entertainment. These industries are directly or indirectly related to people's daily life and social development, showing the extensiveness and comprehensiveness of the real economy.

Basic characteristics of the real economy

1, tangible

Enterprises in the real economy are directly engaged in production activities, producing tangible goods or providing services, which belong to direct economic activities. These products and services can usually be touched, perceived, used or consumed.

2. Subjectivity

The real economy plays a pillar role in the national economic system. In any country, the huge demand for agricultural products, daily industrial products and life services that people have to consume every day comes from the real economy.

Therefore, it can be said that the real economy is the place where people live and the reliance and source of national economic development. The real economy is a vital part of the national economy, which can optimize the allocation of various production factors and play a role.

3. Foundation

The real economy plays a fundamental and important role in the national economic system. Material products, spiritual products and service products that meet the most basic requirements of human society all come from the real economy, and even virtual economies such as financial industry and real estate industry are gradually formed and developed on the basis of the real economy.

Step 4 keep balance

Balance means that the real economy and the virtual economy must maintain a certain degree of balance. Although with the continuous development of economy, the proportion of the real economy in all economic aggregates will tend to decline, but a certain degree of balance must be maintained between the real economy and the virtual economy, otherwise the imbalance between the two will lead to severe economic turmoil and even economic collapse.

The painful experience of the international financial crisis warns the world that it is necessary to grasp the balance between the real economy and the virtual economy and avoid the situation that the virtual economy is in trouble and affects the real economy, that is, relying too much on the virtual economy and "hollowing out the industry".