Question

Classify economic sector with examples

Answer 1

In terms of the national economy, a basic classificationof economic sectors, broken into four basic sectors is used:

Raw Materials (Primary Sector)

Manufacturing and Industry (Secondary Sector)

Service Sector (Tertiary Sector)

Knowledge Sector (Quarternary Sector)

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Answer 2

1)Classification of Economic Activities

Primary Sector: Simply speaking primary sector refers to that sector of the economy which uses natural resource to produce

goods. ADVERTISEMENTS: ...

(2)Secondary Sector: Secondary sector is also called as manufacturing sector or industrial sector. ...

(3) Tertiary Sector: ADVERTISEMENTS