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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.
What else can I help you with?
What is the difference between the private and public sectors of your economy?
Public sectors are funded by the government
How many sectors make up the economy?
Five
What are the basic sectors of the US economy?
consumer sectors, government sector, investment sector, and foreign sector.
What sectors of the economy provides the most savings?
public sector
Macroeconomics focuses on?
The workings of the whole economy or large sectors of it.
What is the difference between the private and public sectors of your economy?
Public sectors are funded by the government
How many sectors make up the economy?
Five
How many sectors in nifty?
The S&P CNX Nifty covers 22 sectors of the Indian economy
What are the basic sectors of the US economy?
consumer sectors, government sector, investment sector, and foreign sector.
What sectors of the economy provides the most savings?
public sector
Macroeconomics focuses on?
The workings of the whole economy or large sectors of it.
What sectors of the economy provide the most savings?
households and bussiness:)
What part of economy finances public goods?
public sectors
What are the contributions of secondary and tertiary sectors of the economy?
service 56%
List and explain the sectors of the Nigerian economy?
write short note on education aspect in Nigerian economy
What are the contributions of primary secondary and tertiary sectors to nigeria economy?
All these sectors (industrial, agricultural, and other trades) contribute to the economy of Nigeria, but industry is currently the largest contributor.
Why and how the colonial economy introduced in Africa?
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.
