How sectors of economic activities are dependent on each other.explain
Answers
Three sectors are interdependent on each other in following ways:
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.
Answer:
Explanation:
Agriculture and industry, on the other hand, deal with economic activities involving natural resources and commodities manufacturing. While the service sector comprises activities such as transportation, banking, communication, education, and so on, it also includes operations that provide a variety of services.
Many agro-based companies rely on Indian agriculture for raw materials, and they supply a vast market for a wide range of industrial goods. Similarly, advances in cultivation techniques and the productivity of land and agricultural labor are heavily reliant on the use of industrial-supplied pump sets, power-tillers, tractors, chemical fertilizer's, and other equipment.
Manufacturing activities are carried out by the industrial sector with the assistance of the service sector. It necessitates transportation services to carry raw materials from the agricultural sector to the manufacturing facilities.
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