Question

Explain the three sectors of economy with example.

Answer 1

Production = to produce goods and services.
Distribution = to distribute goods and services.
Consumption = to consume goods and services.

Answer 2

There are three types of economic sector.They are as follows :

i) Primary Sector : In this sector the industries are completely under the management of government.

ii) Public Sector : In this sector the industries are under the managed by owner and off cause the government benefits are provided to them.

iii) Joint Sector : In this sector private and government industries both run together and this play an important role in making the economic development.

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