1) PRIMARY SECTOR OF THE ECONOMY: Involves the extraction and production of raw materials, such as corn, coal, wood and iron. (A coal miner and a fisherman would be workers in the primary sector.)
2) SECONDARY SECTOR OF THE ECONOMY: Involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. ( A builder and a dressmaker would be workers in the secondary sector.)
3) TERTIARY SECTOR OF THE ECONOMY: Involves the provision of services to consumers and businesses, such as baby-sitting, cinema and banking. ( A shopkeeper and an accountant would be workers in the tertiary sector.)
4) QUATERNARY SECTOR OF THE ECONOMY: Involves the research and development needed to produce products from Natural Resources. ( A logging company might research ways to use partially burnt wood to be processed so that the undamaged portions of it can be made into pulp for paper.) Note that education is sometimes included in this sector.
1) PRIMARY SECTOR OF THE ECONOMY: Involves the extraction and production of raw materials, such as corn, coal, wood and iron. (A coal miner and a fisherman would be workers in the primary sector.)
2) SECONDARY SECTOR OF THE ECONOMY: Involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. ( A builder and a dressmaker would be workers in the secondary sector.)
3) TERTIARY SECTOR OF THE ECONOMY: Involves the provision of services to consumers and businesses, such as baby-sitting, cinema and banking. ( A shopkeeper and an accountant would be workers in the tertiary sector.)
4) QUATERNARY SECTOR OF THE ECONOMY: Involves the research and development needed to produce products from Natural Resources. ( A logging company might research ways to use partially burnt wood to be processed so that the undamaged portions of it can be made into pulp for paper.) Note that education is sometimes included in this sector.
Public sectors are funded by the government
consumer sectors, government sector, investment sector, and foreign sector.
Five
The workings of the whole economy or large sectors of it.
public sector
Public sectors are funded by the government
consumer sectors, government sector, investment sector, and foreign sector.
The S&P CNX Nifty covers 22 sectors of the Indian economy
Five
The workings of the whole economy or large sectors of it.
public sector
service 56%
public sectors
households and bussiness:)
write short note on education aspect in Nigerian economy
All these sectors (industrial, agricultural, and other trades) contribute to the economy of Nigeria, but industry is currently the largest contributor.
colonial economy was a project established by colonial government to their colonies for the purpose of improving the European industries and other sectors such as social sectors and economical sectors.