Explation the Sectors of Indian economy.
Answers
Answer:
Economic sectors are large groups of the economy, grouped according to their place in the production chain, by their kind of work (product or service) or ownership.
One method is by the three-sector hypothesis:
Primary sector extracts natural materials and provides raw materials for secondary industry.
Secondary sector processes raw materials or semi-finished goods into more valuable products.
Tertiary sector is the provision of services.
Some economists like to list a Quaternary sector as related to application, manipulation and transmission of information.
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Ans=They are three sectors in the Indian economy, they are; primary economy, secondary economy, and tertiary economy. In terms of operations, the Indian economy is divided into organized and unorganized. While for ownership, it is divided into the public sector and the private sector.
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