11-20-2014, 11:04 AM
Primary Secondary and tertiary Sector
The various components of economy classified into three major groups and their sub-groups such as primary sector (agriculture, horticulture, mining), Secondary sector (manufacturing, household industry etc.) and tertiary sector (commerce, trade, transport, services etc.).
The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods.
The secondary sector of the economy manufactures finished goods. All of manufacturing, processing, and construction lies within the secondary sector.
The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses.
The various components of economy classified into three major groups and their sub-groups such as primary sector (agriculture, horticulture, mining), Secondary sector (manufacturing, household industry etc.) and tertiary sector (commerce, trade, transport, services etc.).
The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods.
The secondary sector of the economy manufactures finished goods. All of manufacturing, processing, and construction lies within the secondary sector.
The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses.