0
No, Primary sector mainly deals with the extraction of natural resources from nature, ex. fisheries, forestry, mineral resources, and etc.
while banker belongs to the tertiary sector, which is a sector that provides services like retails, banks, insurance, and etc.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Will basket weaver come under secondary or primary or tertiary sector?
secondary bro
Will tailor come in primary or secondary or tertiary sector?
tailor will come under tertiary activity because tailoring is a service it is not manufacturing of goods ............The making(weaving) of cloth is secondary and tailoring is tertiary..
How are three sectors in the Indian economy interdependent?
SECTORS Primary Sector When the economic activity depends mainly on exploitation of natural resources then that activity comes under the primary sector. Agriculture and agriculture related activities are the primary sectors of economy. Secondary Sector When the main activity involves manufacturing then it is the secondary sector. All industrial production where physical goods are produced come under the secondary sector. Tertiary Sector When the activity involves providing intangible goods like services then this is part of the tertiary sector. Financial services, management consultancy, telephony and IT are good examples of service sector. Evolution of an Economy from Primary Sector Based to Tertiary Sector Based During early civilization all economic activity was in primary sector. When the food production became surplus people's need for other products increased. This led to the development of secondary sector. The growth of secondary sector spread its influence during industrial revolution in nineteenth century. After growth of economic activity a support system was the need to facilitate the industrial activity. Certain sectors like transport and finance play an important role in supporting the industrial activity. Moreover, more shops were needed to provide goods in people's neighbourhood. Ultimately, other services like tuition, administrative support developed. Interdependency of Sectors: To understand this interdependency, let us take an example of a cold drink. A cold drink contains water, sugar and artificial flavour. Suppose if there is no sugarcane production then procuring sugar will become difficult and costly for the cold drink manufacturer. Now to transport sugarcane to sugar mills and sugar to the cold drink plant needs the services of a transporter. A person or system of persons is required to maintain and monitor all these movements of goods from farm to factory to shop in different locations. That is where role of administrative staffs comes. Let us go back to the farmer. He also needs fertiliser and seeds which is processed in some factory and which will be delivered to his doorstep by some means of transportation. To top it all at every step of these activities we require the proper monetary and banking system. So, in a nutshell this describes how interrelated all sectors of an economy are.
What are the contributions of primary secondary and tertiary sectors to Indian economy?
The present importance of tertiary sector is the highest among all sector and may be understood as follows:India's economic output is represented by the primary sector(agriculture and mining), the secondary sector (manufacturing-organised and unorganised) and the tertiary sector(transportation, construction and other services like construction, retailing, communication, financial services, health care, education and other). The primary sector, secondary sector and tertiary sectors account for 25%, 24% and 51% of the GDP respectively. Unfortunately the common man (because of ignorance), the politicians (because of lack of education and poor quality brains) and the economists (because of ideological blindness) do not understand the importance of the tertiary sector in economic development. As an economy grows prosperous, its people do not require more and more of agricultureal crops and manufactured output. The higher the productivity in primary and secondary sector and lower the employment in these sectors, the better it is. Because people need more of services rather than physical goods for better quality life. They need more of tarnsport (riad, air,sea, water, rail), more of communication ( mobiles, internet, ), more of education, more of training, more of healthcare, doctors, nurses, hospitals, diagnostic centres, more of entertainment (TV shos, movies, ) more technicians and artisans for repair and maintance of buildings, houses, household equipments, plumbers, electicians, swerage systems, more courier services, more banks, ATMs, more organised shopping malls, car parkings, and so on. Income and employment growth f lies in the tertiary sector. Tertiary sector includes scientific reseach and innovations that increases productivity and provide engineering and construction consultancy support services for all projects in all sectors. It is foolish to think the economies will continuously grow wioth primary and secondary sectors retaining the same importance or weight in the economy. Most advanced and rich copuntries have more than 80% of emplyment and income in the services sector. In the US, agriculture is less than 1%. This is no natural and can be understood by even children if they think logically that Indians still have doubts in their mind. Just imagine you do not need vety large increase in food, clothes, shelter and machines as you grow rich: you consume more of services, education, newspaper, entertainment, medical services, travel and tourism, hotels and restaurants, high technolgy. So, that is where the growth lies. Indians
How recession has effect the auto sector?
Because of the recession the cash flow and liquidity in the market has come down considerably. So people are trying to minimize expenditure. As a result their spending on cars and automobiles are coming down. Therefore the Auto sector is affected. The sales and revenues of the top auto majors world over has come down. Recently the US government has even sanctioned a bail out package for the automobile manufacturers
Will basket weaver come under secondary or primary or tertiary sector?
secondary bro
Will tailor come in primary or secondary or tertiary sector?
tailor will come under tertiary activity because tailoring is a service it is not manufacturing of goods ............The making(weaving) of cloth is secondary and tailoring is tertiary..
What indusry sector does front of house management come under?
hostpitally
Do primary agriculture credit societies come under banks?
They come under Cooperative banks and work on village level www.gktoday.in
What is a sector mutual fund?
A sector mutual fund is one that invests in stocks of only one or a small number of sectors. They do not buy stocks of companies that do not come under the sector they are designed to invest in. For Ex: ICICI Prudential Infrastructure fund - invests only in infrastructure stocks. They will stay away from stocks that come under the chemicals, automobiles, banks sectors etc.
What does asda sell in the tertiary sector?
Asda sells every kind of think that come from the secondary and primary sectors and they sell it to the costomers thats why it a tertiary sector.So yes of ause it is a tertiary sector. THANK YOU hope you like my answer. lool :)
What sector of society in Germany do source of public revenue come from?
The private sector.
Where does the name Boulanger come from?
It's French for Baker
What sector does tesco operate in?
Tesco comes under tertiary sector which is where the final product is sold and where they make the profit however they also can come under the secondary sector because they sell and manufacture their own products e.g. tesco value
What are the difference between public sector cash management and private sector cash management?
Public sector cash comes from the government (ie the tax-payer) Private sector fund come from donations (either by individuals or businesses)
Did jerome holder come to barclay primary school?
Yes he did come to Barclay Primary School
Where will the jobs come from when the economy rises back up?
From the private sector.
