Q4 C of 37 Page 183

Give Short answers:

What are the three sectors of an economy?


The three sectors of an economy are:

Primary sector: Primary sector is the sector that uses natural resources to produce goods. The natural resources play a very important part in this sector. For example, agriculture, fishing, mining, etc.


Secondary sector: Secondary sector is the sector that transforms 1 physical good into another. For example, manufacturing, electricity, water supply, etc.


Tertiary sector: The tertiary sector is the service sector of the economy. It is extremely important in developed countries. For example, health, trade, transport, etc.


More from this chapter

All 37 →