Describe the all sectors of economy and the activities undertaken by these sectors.
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Answer: Primary Sector ActivitiesAgriculture, forestry, animal husbandry, fishing, poultry farming and mining. Secondary Sector Activities Include manufacturing and construction. Tertiary Sector Activities Trade, transport, communication, banking, education, health, tourism, services, insurance, etc.
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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.
Quaternary sector (knowledge economy, education, research and development)
Explanation:
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