how the three sectors of economy are interdependent.explain their interdependence taking an iron ore as an example
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All the three sectors of the economy are interdependent.For example ,Taking iron ore as an example:
1)Primary sector involves basic activities like fishing,agricultre including mining.By the process of mining,iron ore is obtained.
2)But iron ore cannot be used as it is without futher proccesing.This is done in the secondry sector.
3)Then this Iron and materials made out from this is taken to market by using transportation which is a teritiary sector.
From these examples we can say that in now a days interdependency of these 3 sectors is unavoidable.
HOPE THIS HELPS!!!!!!!
1)Primary sector involves basic activities like fishing,agricultre including mining.By the process of mining,iron ore is obtained.
2)But iron ore cannot be used as it is without futher proccesing.This is done in the secondry sector.
3)Then this Iron and materials made out from this is taken to market by using transportation which is a teritiary sector.
From these examples we can say that in now a days interdependency of these 3 sectors is unavoidable.
HOPE THIS HELPS!!!!!!!
ksneha1436:
thanks a lot
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20
Answer:
All the three sectors are highly interdependent on each other:
(i) All that is produced in the primary sector is of no use until it undergoes a change into finished product which is not possible without transportation.
(ii) Secondary sector is the manufacturing sector. To make these products and to sell them in the market, we need transportation.
(iii) For moving from primary to secondary sector and further to the market, requires services of trades at different places and require many other services. For all this we cannot think of working without transportation.
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