what is primary and tertiary industry
Answers
Answer:
In industry: Primary industry. This sector of a nation's economy includes agriculture, forestry, fishing, mining, quarrying, and the extraction of minerals. It may be divided into two categories: genetic industry, including the production of raw materials that may be.
The tertiary industry is a technical name for the service sector of the economy, which encompasses a wide range of businesses, including financial institutions (FIs), schools, hotels, and restaurants. ... As an economy becomes more developed, it tends to shift its focus from primary to secondary and tertiary industries
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).