explain the difference between primary secondary and tertiary sectors
Answers
Answer:
(i) Primary Sector (or Agriculture sector). It includes all those economic activities which are connected with extraction and production of natural resources, e.g., agriculture, fishing, mining, etc.
(ii) Secondary Sector (or Industrial sector). It includes all activities which are concerned with the processing materials which have already been extracted at the primary stage, e.g., the mining of iron ore is primary industry, but manufacture of steel is secondary industry.
(iii) Tertiary Sector (or Service sector). It is concerned with providing support services to primary and secondary sector and includes transport, banking, insurance, warehousing, communication, advertising, etc. It facilitates smooth flow of goods and services in the economy. Importance of tertiary sector has been observed in the last decade and its contribution to GDP has also risen.
Answer:
Explanation:
Primary sector- When we produce a good by exploiting the natural resources, it is an activity of the primary sector. It forms the base for all other products that we subsequently make. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector.
Secondary sector- Covers activities in which natural products are changed into other forms through ways of manufacturing in industries. the product is not made by nature but has to be made and therefore some process of manufacturing is essential. Since this sector is associated with different kinds of industries , this sector is also called industrial sector.
Tertiary sector- This includes, the activities that help in the development of the primary and secondary sectors. these activities, by themselves do not produce a good but they are an aid or a support for the production process. goods that are produced by the primary or secondary sector would need to be transported by trucks or trains and then sold in the market. we may also have talk to people over telephone or send letters or we have borrow money for production and trade. this sector consists of services, therefore it is commonly known as service sector.