classify the economic activities into three main sectors.
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The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).
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These three activities, production, consumption and capital formation are inter- related. An increase in the production of goods and services increases the level of consumption and capital formation.
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