Define an economy , on behalf of working conditions give description about the sectors of the economy.
Answers
Answer:
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary)
Explanation:
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
Answer:
The economy is deffined as the operation of a country’s money supply, commercial activities and industry. The main Sectors are:
Explanation:
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.