In what way the three sector of economy are highlyinterdependent and interlinked with each other explain with examples
Answers
⤵️AnsweR⤵️
There are mainly THREE SECTORS of an economy and they are as follows -
- PRIMARY SECTOR
- SECONDARY SECTOR
- TERTIARY SECTOR
PrimarY SectoR :
THE SECTOR OF THE ECONOMY CONCERNED WITH PRIMARY INDUSTRIES AND AGRICULTURE .
FoR ExamplE -
- Minning
- Quarrying
- Farming
- Fishing
- Forestry
SecondarY SectoR :
THE SECTOR OF THE ECONOMY INCLUDES INDUSTRIES THAT PRODUCE A FINISHED , USABLE PRODUCT .
FoR ExamplE -
- Manufacturing
- Food Processing
- Oil refining
TertiarY SectoR :
THE SECTOR OF THE ECONOMY WHICH CONCERNED WITH PROVIDING THE SERVICES .
FoR ExamplE -
- Doctors
- Teachers
- Lawyers
- Accountants
- Policemen
NOW , A QUESTION ARISES IN OUR MIND IS
How do these three sectors interdependent to each other❔
AnsweR⬇️
Primary Sector provides the base of all economic activities as it involves production of basic level through the exploitation of NATURAL RESOURCES . Secondary Sector manufactures the raw material into finish goods and then Tertiary Sector further provides the servicesss...
EVEN IF ONE OF THE THREE SECTORS DOES NOT WORK PROPERLY , BOTH OF OTHER TWO SECTORS WILL NOT BE ABLE TO DO THEIR WORK PROPERLY .
FOR INSATANCE -
If the production rate of PRIMARY SECTOR is low , then the manufacture rate of the SECONDARY SECTOR (FINANCIAL SECTOR) will also be reduced and the TERTIARY SECTOR will also be unable to provide the service .
♀️MARK THE ANSWER AS BRAINLIEST♀️
Answer:
Three sectors are interdependent as they provide inputs and goods and services for each other.
Explanation:
The three sectors are primary sector, the secondary sector and the tertiary sector. The primary sector provides raw materials, food etc. to the two sectors. The secondary sectors uses products from primary sector as inputs to provide final goods. The tertiary sector provides services to both the sectors while uses products from both these sectors. For instance, cotton is produced in primary sector, then the industry or secondary turns it into clothes, which is then supplied to market by the tertiary sector.