Question

What are sectors? Classify the economic activities

Answer 1

In terms of the national economy, a basic classification of economic sectors, broken into four basic sectors is used: RawMaterials (Primary Sector) Manufacturingand Industry (Secondary Sector) Service Sector (Tertiary Sector)
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing(secondary), and services (tertiary).

Answer 2

The Primary, Secondary and the Tertiary, are the three sectors of an economy.  

Explanation:

• The three-sector model of an economy is a model in which an economy is divided into three different sectors.
• The first sector is known as the Primary sector, this sector is incorporated with the extraction of raw material by various industries.
• The secondary sector is known as the manufacturing sector. This sector is associated with the manufacturing of various types of goods.
• The third sector is called the Tertiary sector and it is the service sector of an economy.

Learn More:

What are the sectors classify the economic activity?

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