How are three sector of economy interdependent? Explain.
Answers
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Answer:
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- The very first dependency of the three sectors on each other is income, or the financial and economic growth...
- The Tertiary and the Secondary Sectors depend upon the Primary Sector for food for their employees, and raw materials for agro based and other industries...
- The Primary Sector depends upon the Secondary Sector for fixed capital, such as machineries and instruments...
- The Primary and the Secondary Sectors depend upon the Tertiary Sector for transportation facilities...
- The vehicles produced, banking, and other facilities make the Primary and the Tertiary Sectors depend upon the Secondary Sector...
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Answer:
Here is your answer...
Explanation:
1. There are many activities that are undertaken by directly using natural resources. When we produce a good by exploiting natural resources, it is an activity of primary sector.
2. The secondary sector covers activity in which the natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. For example by using sugarcane as a raw material we make sugar.
3. The third category of activities falls under tertiary sector. These activities help in the development of the primary sector and secondary sectors. These activities, by themselves, do not produce goods but they are an aid or a support for the production process. For example transport and communication.