Discuss the three main economic activities
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All professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving, and investment are variable components in the economy that determine macroeconomic equilibrium. There are three main sectors of economic activity: primary, secondary, and tertiary.
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According to the three-sector theory, all economic activity can be classified into one of threesectors: the primary sector, the secondary sector and the tertiary sector. ... The primary sector describes all industries that are engaged in the extraction of natural resources or the production of raw materials.
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