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Primary sector: producing raw materials (Ex: farming, fishing, ranching, mining, or clearing forests) Secondary sector: transforming raw materials into finished products (Ex: factory workers turn wood into furniture, or steel into railroad tracks) Tertiary sector: service work (Ex: sales, consulting, advertising)
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Secondary sector the economy relates to?
Secondary sector the economy relates to?
What are the functions of the service sector of economy?
what are the function of the service sector of the economy
What is the relevance of the private sector in an economy?
The relevance of the private sector in the economy is to supplement the government. The private sector helps grow the economy by creating job opportunities in a given economy.
What is the opposite of real sector in an economy?
Nominal Sector or Monetary Sector
What are the basic sectors of the US economy?
consumer sectors, government sector, investment sector, and foreign sector.
Secondary sector the economy relates to?
Secondary sector the economy relates to?
What are the functions of the service sector of economy?
what are the function of the service sector of the economy
What are the different area of economics?
economy can be divided into 3 main sectors The primary sectors: This sector includes farming and raw material (mining) The secondary sector: This sector include all manufactured goods (using resources from the primary sector) Tertiary sector: This sector includes all the services in an economy.
What is the relevance of the private sector in an economy?
The relevance of the private sector in the economy is to supplement the government. The private sector helps grow the economy by creating job opportunities in a given economy.
What is the opposite of real sector in an economy?
Nominal Sector or Monetary Sector
What job belongs to the tertiary sector of the American economy?
The tertiary sector of the economy of the United States is the service sector. The jobs include the hospitality industry and all the related fields.
In the circular flow of a market economy, the working model assumes that three sectors of a normal economy do not exist. These are the financial sector, the overseas sector, and the _________ sector.?
Government
What are the basic sectors of the US economy?
consumer sectors, government sector, investment sector, and foreign sector.
Definition of corporate sector?
Corporate sector is the part of the economy that is made up of companies. It is a private sector.
What sector of the economy is dentistry?
Services
What sector of the economy benefited greatly from the American middle class?
.. The service sector
What are the two sectors model economy?
The two sector model consists of the: Household Sector: The household sector includes everyone in an economy who consumes goods and services. Business Sector: The business sector contains the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services.
