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.
there works are connected and depend on each other they can't be used seperately
Industry, Transportation, Commercial
The three pillars of Indian economy are :- 1) Consumption 2) Savings 3) Investment
There are three main types of industry in which firms operate. These sectors form a chain of production which provides customers with finished goods or services.The chain of production shows interdependence: firms rely on other businesses in different sectors for raw materials, components or distribution.
Profit NonprofitGovernment
The economy of Crete, which was mainly based on farming, and fishing, began to change visibly during the 1970s. While an emphasis remains on farming and stock breeding, due to the climate and terrain of the island, there has been a drop in manufacturing and an observable expansion in its service industries (mainly tourism-related). All three sectors of the Cretan economy (agriculture, processing-packaging, services), are directly connected and interdependent. The island has a per capita income close to 100% of the Greek average, while unemployment is at approximately 4%, half of that of the country overall. As in other regions of Greece, olive growing is also a significant industry; a small amount of citrons are still cultivated on the island.
Industry, Transportation, Commercial
Government
The three pillars of Indian economy are :- 1) Consumption 2) Savings 3) Investment
EconomyEconomy is the financial condition of the different sectors of the country.This sectors can be illustrated agricultural sector, industrial sector, service sector.All this sectors together affect the whole economy of the country.The study of economy of any country helps us in finding out the financial condition of the population as well as the different working sectors of the country.It also helps us in comparing the economic condition of two different countries.There are mainly three types of economy.1.Developed economy[U.s.a.,Britain,France]2.Undeveloped economy[Letin American Countries ]3.Developing economy[India,China,Sri lanka]In India we have mix economy.where one part of the population of the country is facing problems in even satisfying their basic needs. On the other hand the other part of population is fully developed.Fromkomal parmar & sandeep parmar.___________.EconomyEconomy is the financial condition of the different sectors of the country. This sectors can be illustrated (with the folowing : agricultural sector, industrial sector, service sector. All this sectors together affect the whole economy of the country.The study of economy of any country helps us ( find ) the financial condition of the population as well as the different working sectors of the country. It also helps ( ) comparing the economic condition of two different countries.There are mainly three types of economy.1.Developed economy[U.(S).(A)., Britain, France]2.Undeveloped economy[L(a)tin American Countries ]3.Developing economy[India,China,Sri lanka]In India we have mix economy(,) where one part of the population of the country is facing problems satisfying (even) their basic needs(,) On the other hand the other part of population is fully developed, (From better Education, to better living conditions and so on.)Fromkomal parmar & sandeep parmar (rewrote by frank schumager)
There are three main types of industry in which firms operate. These sectors form a chain of production which provides customers with finished goods or services.The chain of production shows interdependence: firms rely on other businesses in different sectors for raw materials, components or distribution.
Profit NonprofitGovernment
There are three stages of economic development viz., under developed economy, developing economy, and developed economy. While many African countries are still regarded as underdeveloped economy, Indian economy has graduated to developing economy. US,UK,Canada, France,Sweden, Japan and now China have proudly scaled to developed economy.
The economy of Crete, which was mainly based on farming, and fishing, began to change visibly during the 1970s. While an emphasis remains on farming and stock breeding, due to the climate and terrain of the island, there has been a drop in manufacturing and an observable expansion in its service industries (mainly tourism-related). All three sectors of the Cretan economy (agriculture, processing-packaging, services), are directly connected and interdependent. The island has a per capita income close to 100% of the Greek average, while unemployment is at approximately 4%, half of that of the country overall. As in other regions of Greece, olive growing is also a significant industry; a small amount of citrons are still cultivated on the island.
food and beverage
retail and sales banking and finance leisure and tourism
No, webpages are simply data that is stored on webservers and your browsers are the tools to call them up when requested via the internet. You can say that the internet and a web server are two interdependent elements.
Market economy,traditional economy,command economy and mixed economy