Question

distinguish between three economics sectors​

Answer 1

Answer:

there are two types of sectors

Explanation:

Primary Sector 

(i) It is known as agriculture and allied services sector.

(ii) This sector produce goods and services by exploiting natural resources.

(iii) This sector is unorganised and use traditional techniques.

(iv) Activities related to agriculture, forestry fishing, mining and animal husbandary are included in this sectors

Secondary Sector 

(i) It is known as manufacturing sector.

(ii) This sector transforms one good into another by creating more utility from it.

(iii) it is organised sector and use better techniques.

(iv) It includes manufacturing units, small scale units, large firms, big corporates and multinational corporations.

(v) This sector has failed to provide employment to the surplus workers of primary sector.