Question

Define a Sector. Classify various Economic Sectors. Give two examples for each.

Answer 1

Answer:

Sectors of Indian Economy - definition

The sectors of the Indian economy are: (i) Primary sector: When a good is produced by exploiting natural resources, it is an activity of the primary sector. ... (iii) Tertiary sector: This sector helps inthe development of the primary and secondary sectors.

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Answer 2

Answer:

• A sector is an area of the economy in which businesses share the same or a related product or service. It can also be thought of as an industry or market that shares common operating characteristics. Dividing an economy into different sectors allows for more in-depth analysis of the economy as a whole.
• Primary Sector (Raw Materials) 2. Secondary Sector (Manufacturing and Industry) 3. Tertiary Sector (Service Sector) 4. Quaternary Sector (Knowledge Sector) 5.

Explanation:

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