Question

Define 3 economic activities?

Answer 1

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The main sectors of the economy are:

• Primary sector – extraction of raw materials – mining, fishing and agriculture.

• Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.

• Service / ‘tertiary’ sector – concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and I.T. services.

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