Question

what is total production of the three sector

Answer 1

Secondary Sector includes the money value of the production ofmanufacturing, construction, gas and electricity. The third one is known as Tertiary or Service Sector which includes the money value of theproduction of transportation, trade, hotel,banking, insurance, real estates, personal and communities services.

Answer 2

SECTORS OF PRODUCTION

Usually the sectors of production is of three types depending on its type they are:-

• Primary sector:- It is such a sector of production in which the work is to extract required materials from the natural resources. Examples:- Farming and Animal husbandry.

• Secondary sector:- It is such a sector of production in which the work is to manufacture and to modify extracted natural materials into required type. Example:- Industry and Factories work.

• Teritiary sector:- It is such a sector of production in which the work is to support the product finalized by the secondary sector of production so that it can be sold. Example:- Banking and trade.

The total production of these three sectors is production and selling of goods and services which adds the national income and are therefore called economic activities.