explain primary sector, second sector, tertiary sector
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The three-sector theory is an economic theory which divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary). ... In highly developed countries with a high income, the tertiary sector dominates the total output of the economy
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PRIMARY SECTOR
it involves conversion of natural resources into primary products. these directly associated with nature . it is also called AGRICULTURAL AND RELATED SECTOR.
SECONDRY SECTOR
it is the economy or industrial sector includes those economic activities that create a finished, tangible product. this include manufacturing and construction.
also known as industrial sector.
TERTIARY SECTOR
this help in the development of primary and secondry sector . also known as service sector.
it based on transport . banking,storage,communication , etc
hope it help u !
it involves conversion of natural resources into primary products. these directly associated with nature . it is also called AGRICULTURAL AND RELATED SECTOR.
SECONDRY SECTOR
it is the economy or industrial sector includes those economic activities that create a finished, tangible product. this include manufacturing and construction.
also known as industrial sector.
TERTIARY SECTOR
this help in the development of primary and secondry sector . also known as service sector.
it based on transport . banking,storage,communication , etc
hope it help u !
sneha1911:
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