describe are the three sector of the economic activity
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The three-sector theory is an economic theory which divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary). It was developed by Allan Fisher, Colin Clark and Jean Fourastié.
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The three sectors of economic activity are-
1. The primary sector- Agriculture.
2. The secondary sector- Industries like cotton textiles, yarn industry, etc.
3. The tertiary sector- banking , teaching .
The primary sector has the maximum amount of labour. In this sector, there is underemployment.
Here is ur answer
The three sectors of economic activity are-
1. The primary sector- Agriculture.
2. The secondary sector- Industries like cotton textiles, yarn industry, etc.
3. The tertiary sector- banking , teaching .
The primary sector has the maximum amount of labour. In this sector, there is underemployment.
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