what are the 3 sectors of economic activities describe with an example
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The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary).
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the three sectors of economic activities are:
1 primary sector activities: primary activity which include all those connected with extraction and production of natural resources.
for example: mining , fishing , and agriculture.
2 secondary sector activities: secondary activities which are concerned with the processing of natural resources.
for example: manufacturing of finished steel and baking of bread.
3 tertiary sector activities: this activity provide support to primary and secondary sector through services.
for example: banking and advertising.
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