How will you classify sectors in the Indian economy on the basis of the nature of
economic activities? What are the type of economic activities included in these
sectors?
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Explanation:
WE can classify the economic sector on the basis of nature of activities in three sectors, namely, Primary, Secondaiy and Tertiary sector. ... The manufacturing sector where the goods are produced can be classified as secondary sector (Products that are manufactured and are atleast - partly artificial / man made material).
Primary: This type of economic sectors are directly dependent on the natural resources. Secondary: This type of economic sectors are indirectly dependent on the natural resources and products made from natural resources. Teritary: This type of economic sectors provide various services rather than the finished products.
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