three sector modal circular flow of income
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the three sector model circular flow of income are :
- primary sector - the activities in which goods are produced by exploiting the nature. such activities comes under primary sector and are known as primary activities. for example - fishing.
- secondary activities - the activities that includes the manufacturing of goods produced in primary sector . such activities comes under secondary sector and are known as secondary activities. for example - construction of buildings.
- tertiary sector - these activities doesn't produce goods by themselves. they are an aid or support to primary and secondary sector. for example- banking.
harvinder52:
yr diagram h iska
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primary sector tertiary sector and secondary sector
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