Question

Explain the interdependence of the three sectors of economy with example

Answer 1

All the 3 sectors are highly interdependent upon each other:-
1. PRIMARY SECTOR:- Primary sector activities means direct using of natural resources. It includes agriculture, dairy farming, fishing,etc. when we produce goods by exploiting of natural resources.
All that is produced in the primary sector is of no use, until it undergoes a change into finished product which is not possible without transportation.

2.SECONDARY SECTOR:- secondary sector covers activities in which natural resources products are changed into other forms through manufacturing.
It is the manufacturing sector to make these products and sell them in the market.Ex- cotton--cloths,Iron ore--steel,etc.

3.TERTIARY SECTOR:-Tertiary sector activities help in the development of primary and secondary sectors.
For moving from primary to secondary sector and further to the market requires services of trades at different places and requires many other services. For all this we cannot think of working without transportation. Ex- transport and communication, education,health facilities.

Answer 2

"Interdependence of the three sectors of the economy with example:

The three sectors of the economy are:

• Primary sector - It produces natural goods and raw materials.
• Secondary sector - It produces manufactured goods.
• Tertiary sector - It markets the developed goods.

  The interdependence of three sectors of the economy can be understood with the help of dairy products production process. The primary sector (milk producer) produces milk from cattle and sheep rearing. It is directly purchased by the consumers for their domestic purpose.

  The company which is manufacturing dairy products (Secondary sector) is dependent on milk producer of the primary sector as milk is their major raw material. They obtain milk from the "primary sector" and produces goods.

  Once the goods are produced it must be bought out of the factory and must be processed and sold in the market with the help of wholesale and retail dairy products dealers (tertiary sector).  The primary sector is dependent on the tertiary sector for their services such as transportation and marketing."