classify economy on the basis of occupation
Answers
Classification of economic activities: In terms of the national economy, a basic classificationof economic sectors, broken into four basic sectors is used: 1. Primary Sector (Raw Materials) 2. ... Agriculture and allied activitieslike mining, fishery, forestry, dairy and poultry are included in this sector
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(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.
(ii) Secondary sector
: In this, natural products are changed into other forms through manufacturing
that we associate with industrial activity. The product is not produced by
nature but has to be made and therefore, some process of manufacturing is
essential. For example, using cotton fibre from the plant we spin, yarn and
weave cloth.
(iii) Tertiary sector : It helps in the development of the
primary and secondary sectors. They provide aid or a support for the production
process. Transport, storage, communication, banking, trade are some examples of
tertiary activities.
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