Question

E explain the classification of various sector according to economic activities

Answer 1

Answer:

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.

Service / ‘tertiary’ sector –  concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and  I.T. services.

A primitive economy will primarily be based on the primary sector – with most people employed in agriculture and the production of food.