Difference between various sector of economy?
Answers
PRIMARY SECTOR:
✨It is also known as agricultural sector.
✨It produces the raw materials.
SECONDARY SECTOR:
✨It is also known as industrial or manufacturing sector.
✨It converts the raw materials into better form to be used.
TERTIARY SECTOR:
✨It is also known as the service sector.
✨It makes the manufactured goods available for purchase.
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Hope It Helps ❤✨
●The three 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. factories making toys, cars, food, and clothes.
●The tertiary sector or service sector is the third of the three economic sectors of the three-sector theory. The others are the secondary sector, and the primary sector. The service sector consists of the production of services instead of end products.