Question

Name the four sectors of the economy.​

Answer 1

Answer:

The four sectors of economy are:-

primary sector

extraction of raw materials – mining, fishing and agriculture.

secondary or manufacturing sector

concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.

service or teritory 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)

Answer 2

Answer:

The four sectors in the American economy are Government, For-Profit or Business, the Nonprofit or Independent, and Households or Family. While we often think of these as separate entities, they are often inter-dependent. Following is a brief description of each of the four sectors in American Society