3, How all these sectors are independ on each
other sllustrate writh example.
Answers
Explanation:
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Answer:
"Interdependence of the three sectors of the economy with example:
The three sectors of the economy are:
Primary sector - It produces natural goods and raw materials.
Secondary sector - It produces manufactured goods.
Tertiary sector - It markets the developed goods.
The interdependence of three sectors of the economy can be understood with the help of dairy products production process. The primary sector (milk producer) produces milk from cattle and sheep rearing. It is directly purchased by the consumers for their domestic purpose.
The company which is manufacturing dairy products (Secondary sector) is dependent on milk producer of the primary sector as milk is their major raw material. They obtain milk from the "primary sector" and produces goods.
Once the goods are produced it must be bought out of the factory and must be processed and sold in the market with the help of wholesale and retail dairy products dealers (tertiary sector). The primary sector is dependent on the tertiary sector for their services such as transportation and marketing."