Economy, asked by rajkumarraji197, 1 year ago

Economic activities are interdependent. Explain with examples

Answers

Answered by vedardha123
83

Answer:

Economic activities, though grouped into three different categories, are highly interdependent. Raw materials are produced in Primary sector and processed into finished items in Secondary sector. Assistance is provided by Tertiary sector to these two activities. Lets take an example of iron-ore. It is extracted in mining which is a Primary activity, then it is transported to industries for making pig-iron and steel in iron and steel plant, which is a Secondary activity. Transportation and finance services are provided to these two sectors by Tertiary sector.

Answered by DevendraLal
1

In this question, we are asked how economic activities are interdependent.

  • The primary sector is engaged in the extraction of natural resources. such as forestry, mining, and agriculture.
  • Through the process of manufacturing, i.e., the manufacturing sector employs natural products as its raw materials, the natural resources are transformed into other forms.
  • Tertiary activities are those that provide us with the means to engage in our primary and secondary activities. For instance, transportation, education, and medical services.
  • Without assistance from the tertiary sector, primary and secondary activities are unable to produce a good.
  • The service industry doesn't create any goods. For instance, manufacturing firms need services like call centers, internet cafes, and ATMs. Roads and railways are necessary to support agricultural productivity.

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