Question

ULUS!
LUWkdnswer questions
16.
Explain the sectors formed as per economic activities,
17. How is classification of economic activities into different sectors useful?
18.
How is tertiary sector different​

Answer 1

Answer:

16. 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.

17.Yes, classification of economic activities into primary, secondary and tertiary sector is useful as it helps in estimating the relative importance in the growth in GDP of the economy. Classifying in such a way helps in calculating how much goods and services are produced and how many people work in each sector.

18.The tertiary sector is different from the other two sectors because the other sectors produce goods but this sector does not produce goods by itself. ... These activities are an aid or support for the production process, e.g., transport, communication, storage, banking, insurance, trade activities etc.

Explanation:

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