Classify economic sector with examples
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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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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
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