What do you mean by the term sectors? How is tertiary sector different from the primary and secondary sector?
Answers
Answer:
What do you mean by the term sectors?
Ans: A sector is an area of the economy in which businesses share the same or related business activity, product, or service. Sectors represent a large grouping of companies with similar business activities, such as the extraction of natural resources and agriculture.
How is tertiary sector different from the primary and secondary sector?
Ans: Primary Sector refers to the sector wherein the production of goods and services is done by the exploitation of natural resources. Secondary Sector refers to the economic sector which transforms raw materials into finished goods through a manufacturing process which has more utility.
Answer:
answer
Explanation:
Understanding the Chain of Production
The sectors all work together to create an economic chain of production. The primary sector gathers the raw materials, the secondary sector puts the raw materials to use, and the tertiary sector sells and supports the activities of the other two