The primary, secondary and tertiary sectors represent various business types and the goods they procure and sell in an economic setup. Each sector is interdependent on the other so that the economy as a whole functions properly and efficiently.
The primary sector is where the materials for the secondary sector are gathered. In the secondary sector, the product is then made into consumable item(s) which is then distributed by the tertiary sector.
Economists such as AGB Fisher and Colin Clark were the supporters of these models in the early 20th century.
The agricultural and allied sector services are known as the Primary Sector. The manufacturing sector is known as the Secondary Sector. The service sector is known as the Tertiary Sector
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.
Examples-
Mining, forestry, farming, and fishing are the jobs in the primary sector. Manufacturing, such as the production of automobiles and steel, are occupations under the secondary sector. Teaching, finance, banking jobs are examples of tertiary careers
Answers & Comments
Explanation:
The primary, secondary and tertiary sectors represent various business types and the goods they procure and sell in an economic setup. Each sector is interdependent on the other so that the economy as a whole functions properly and efficiently.
The primary sector is where the materials for the secondary sector are gathered. In the secondary sector, the product is then made into consumable item(s) which is then distributed by the tertiary sector.
Economists such as AGB Fisher and Colin Clark were the supporters of these models in the early 20th century.
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Verified answer
Answer:
The agricultural and allied sector services are known as the Primary Sector. The manufacturing sector is known as the Secondary Sector. The service sector is known as the Tertiary Sector
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.
Examples -
Mining, forestry, farming, and fishing are the jobs in the primary sector. Manufacturing, such as the production of automobiles and steel, are occupations under the secondary sector. Teaching, finance, banking jobs are examples of tertiary careers