Essay Type Question
1: Assess the importance of the primary, secondary and tertiary economic activity?
Answers
Answer:The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).f agriculture sector is well with good yields then Secondary Sector which consists of industries run smoothly. Most of the industries are based on agricultural products. Tertiary Sector means service sector. Today the contribution of Service sector is growing very fastly and contributing very high amount in GDPSecondary Sector is the most important sector of an economy. According to economic theory, countries dependent on agriculture and allied activities ie primary sector, grow slowly and remain under-developed or developing economies. So Secondary sector is most important for the growth of and economy.
Explanation: