Question

Explain the three sectors of economy with short definition

Answer 1

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary).

Answer 2

Explanation:

There are three sector of economy :–

1. Primary sector

2. Secondary sector

3. Tertiary sector

These three sectors which are interdependent on each other for the economical development of our country.

1. Primary sector -: It is also known as the agricultural sector. All the raw materials and goods are produced in this sector.

Example -: cotton, jute,rice etc.

2. Secondary sector -: It in also known as the manufacturing sector. Here all the processing and manufacturing of goods is done.

Examples -: Ginning of cotton and other processes to get clothes being made from that cotton fibres.

3. Tertiary sector-: This is also known as the transport sector. All the products from the primary and secondary sector are then transported to different areas.

Examples -: travel and tourism sector, transport of goods, servicing etc.

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