Differentiate between primary, secondary and tertiary sectors of the economy.
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These sectors can be viewed as a continuum, starting with the primary sector, which is the part of the economy generated by extracting raw materials directly from the earth for consumption or sale; moving next into the secondary sector, which is the part of the economy that transforms the raw materials into goods for ...
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i) Primary Sector (or Agriculture sector). It includes all those economic activities which are connected with extraction and production of natural resources, e.g., agriculture, fishing, mining, etc.
(ii) Secondary Sector. It includes all activities which are concerned with the processing materials which have already been extracted at the primary stage, e.g., the mining of iron ore is primary industry, but manufacture of steel is secondary industry.
(iii) Tertiary Sector. It is concerned with providing support services to primary and secondary sector and includes transport, banking, insurance, warehousing, communication, advertising, etc
(ii) Secondary Sector. It includes all activities which are concerned with the processing materials which have already been extracted at the primary stage, e.g., the mining of iron ore is primary industry, but manufacture of steel is secondary industry.
(iii) Tertiary Sector. It is concerned with providing support services to primary and secondary sector and includes transport, banking, insurance, warehousing, communication, advertising, etc
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