16. Classify the economy on the basis of the nature of the activity.
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WE can classify the economic sector on the basis of nature of activities in three sectors, namely, Primary, Secondaiy and Tertiary sector. ... The manufacturing sector where the goods are produced can be classified as secondary sector (Products that are manufactured and are atleast - partly artificial / man made material).
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Classification of economic sectors on the basis of nature of activities are as follows: (i) Primary sector : When we produce goods by exploiting natural resources, it is an activity of the primary sector, such as agriculture, dairy farming, fishing, forestry.
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