what are the three sectors of an economy?Give an example of each.
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SECTORS OF INDIAN ECONOMY - DEFINITION
The sectors of the Indian economy are:
(i) Primary sector: When a good is produced by exploiting natural resources, it is an activity of the primary sector.
(ii) Secondary sector: The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that are associated with industrial activity.
(iii) Tertiary sector: This sector helps in the development of the primary and secondary sectors. This is also called 'Service sector' as it also includes some essential services that may not directly help in the production of goods.
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Economics
Sectors of the Indian Economy
Sectors of the Indian Economy
Sectors of Economy
Sectors of Economy
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SECTORS OF INDIAN ECONOMY - DEFINITION
The sectors of the Indian economy are:
(i) Primary sector: When a good is produced by exploiting natural resources, it is an activity of the primary sector.
(ii) Secondary sector: The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that are associated with industrial activity.
(iii) Tertiary sector: This sector helps in the development of the primary and secondary sectors. This is also called 'Service sector' as it also includes some essential services that may not directly help in the production of goods.
PRIMARY SECTOR - DEFINITION
When a good is produced by exploiting natural resources, it is an activity of the primary sector. It forms the base for all other products that are subsequently made. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector.
SECONDARY SECTOR - DEFINITION
The secondary sector covers activities in which natural products are changed into other forms throughways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential.
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Answer:
- primary
- secondary
- tertiary
Explanation:
examples are
- primary- mining,fishing,etc
- secondary- electricity
- tertiary-services