Question

explain the classification of the economy with example​

Answer 1

(a)Primary sector

(b)Secondary sector

(c) Tertiary Sector

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Answer 2

(a) Primary sector : It is the sector that produces raw materials by exploiting natural resources. Ex: Agriculture/Farming

(b) Secondary sector : This sector uses the raw material and by manufacturing process it changes it into a good with good quality. Ex: Industry (Biscuit industry)

(c) Tertiary sector : It helps in the development of both the sectors above by providing them services, also know as the aid for both the sectors (primary and secondary). Ex: Trade, transport, banking, hospital, etc.