The three sectors of economy are independent on each other. Explain with suitable example
Answers
Explanation:
i) When we exploit natural resources, it is an activity of the primary sector. eg., agriculture, mining, forestry.
ii) The natural resources are changed into other forms through the process of manufacturing, i.re. manufacturing sector uses natural products as its raw materials.
iii) All services that enable us to pursue primary and secondary activities are listed as tertiary activities. For example, transport, education, medical facilities.
iv) Primary and secondary activities cannot produce a good unless they are aided by the tertiary sector.
v) Service sector does not produce a good. For example, the internet cafe, ATM booth, call centres are the services required for manufacturing industries etc. Railways, roads are needed to assist agricultural production.
Answer:
the sectors of the economy are interdependent. the primary sector is involving in natural products which we get from agriculture fishing, dairy, and forestry. when this natural product is converted to other forms of production through industrial activities it is known as secondary sectors. The tertial sector provides services from the production of goods in primary and secondary sectors. there are also certain important services such as teaching medicine law and information technology which main or directly help in the production of goods