Question

Mention three sectors of economic activities with examples [ 5 marks ]

Answer 1

Answer:

Primary sector – extraction of raw materials – mining, fishing and agriculture. Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity. ... Quaternary sector (knowledge economy, education, research and development).

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Answer 2

The main sectors of the economy are:

• Primary sector – extraction of raw materials – mining, fishing and agriculture.
• Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.
• Service / ‘tertiary’ sector – concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and I.T. services.
• Quaternary sector (knowledge economy, education, research and development)