Q. What are the primary, secondary, and tertiary sectors?
Solution:
The economy is divided into three sectors: primary, secondary, and tertiary.in the market, changes in the economy, or people not having the right skills for available jobs.
Primary Sector: The primary sector is a part of the economy where raw materials are collected directly from nature. People in this sector extract natural resources like crops, livestock, minerals, fish, and timber. These materials are then used in other industries, like manufacturing, to produce finished goods, like food, clothes, and cars. This sector is essential because it provides the foundation for everything else we create and use.
Secondary Sector: The secondary sector is a part of the economy where raw materials from the primary sector are turned into finished goods. In this sector, raw materials like wood, metal, cotton, and oil are processed and transformed into products that people can use. This includes industries like manufacturing, construction, and production. For example, a factory that turns raw cotton into clothes, or a company that takes steel and makes cars, is part of the secondary sector.
Tertiary Sector: The tertiary sector is a part of the economy that focuses on providing services rather than producing goods. In this sector, businesses and workers offer services to meet the needs of individuals and other businesses. Services include things like healthcare, education, banking, entertainment, tourism, transportation, and retail.
Unlike the primary and secondary sectors, the tertiary sector doesn’t produce physical products. Instead, it supports the economy by making goods and services available to consumers and helping businesses run smoothly.
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