Give an example to show the Independence of the three sector of the economy
Answers
1. A primary sector provides the base of all economic activities as it involves the production of basic level through the exploitation of natural resources. It includes agriculture, horticulture, fisheries etc.
2. The goods that are converted into processed form through manufacturing. It is the secondary sector of the economy.
3.The tertiary sector of the economy provides support to the process of production
Example to show the Independence of the three sector
Explanation:
The three sectors of the economy are- Primary, secondary and tertiary. Primary sector is related with agriculture and allied industry, secondary sector is related with production and manufacturing while tertiary sector is related with services. all the three sectors are inter-related. we can understand this with the following example:
primary sector provides raw material to industry( secondary sector) in the form agricultural output such as wheat, cotton etc. at the same time they purchase input for agriculture from such as tractors, fertilizers, pesticides etc. both these sector need tertiary sector for storage, transportation distribution etc for their goods, making all of them interdependent.
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Independence of the three sector of the economy
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