what are the 3 sectors
Answers
Answer:
The three-sector model in economics divides economies into three sectors of activity:
1. Primary :
The primary sector of industry is concerned with the extraction of raw materials or natural resources from the land. Any business that grows goods or extracts materials from the land would be classed as a primary sector business.
Examples of businesses that operate in the primary sector would be farming, mining, fishing or oil production.
2. Secondary :
The secondary sector of industry is concerned with manufacturing. This would involve taking the raw materials from the primary sector and converting them into new products.
Examples of businesses that operate in the secondary sector would be car manufacturers, food production or building companies.
3. Tertiary :
The tertiary sector of industry is concerned with providing a service. Services are activities that are done by people or businesses for consumers.
Examples of businesses that operate in the tertiary sector would be hairdressers, banks, supermarkets or cinemas.
Explanation:
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Answer:
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary)
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