Public sector and private sector
1 . Primary sector and secondary sector
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One classical breakdown of economic activity distinguishes three sectors: Primary: involves the retrieval and production of raw materials, such as corn, coal, wood and iron. ... Secondary: involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing.
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The primary sector of the economy is the sector of an economy making direct use of natural resources. This includes agriculture, forestry, fishing and mining. ... The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry.
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