Economy, asked by dkcubhule, 5 months ago

Explain in detail the importance of economic sectors

Answers

Answered by ItzMrVinay
5

Answer:

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Explanation:

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A primitive economy will primarily be based on the primary sector – with most people employed in agriculture and the production of food. As an economy develops, improved technology enables less labour to be needed in the primary sector and allows more workers to produce manufactured goods

Answered by piyushkumarsharma797
2

One classical breakdown of economic activity distinguishes three sectors

✷Primary

Primary: involves the retrieval and production of raw materials, such as corn, coal, wood or iron. Coalminers, farmers and fishermen are all workers in the primary sector.)

✷Secondary

Secondary: involves the transformation of raw or intermediate materials into goods, as in steel into cars, or textiles into clothing. Builders and dressmakers work in the secondary sector.

✷Tertiary

Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector.

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