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what are contributions of business to the economy?

The contributions of business to an economy are quite significant. The business sector is responsible for driving the economy. Business is very wide and is actually intertwined with the economy.


What are the contributions of business to an economy?

The contributions of business to an economy are quite significant. The business sector is responsible for driving the economy. Business is very wide and is actually intertwined with the economy.


What is the primary sector of economy?

i know u dont :p


What are Disadvantages of primary sector?

less income unorganised sector cant contribute more for 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 role played by the primary sector in the economy of your country?

The Primary sector of the economy is the change of natural resources into primary products, it is the first step followed by the secondary and tertiary sectors. Most products from this sector provides raw materials for other industries.


What is a primary industrial sector?

The primary sector of the economy can be defined as the sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactured and other processed goods, and the tertiary sector , producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries


How has the primary sector has changed over time?

it has changed because of the increase of the economy


Are Most Americans employed in the primary sector of the economy?

No, most Americans are employed in the tertiary sector of the economy, which includes services such as retail, education, healthcare, and professional services. Employment in the primary sector, which includes industries like agriculture, forestry, and fishing, has declined significantly in the United States.


Why is primary sector important to a country's economy?

The sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactures and other processed goods, and the tertiary sector, producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries.


What are the contributions of an economist in the banking sector?

What are the contributions of an economist in the banking sector?


What sectors of the economy are used to measure GDP?

Gross Domestic Product (GDP) is measured using three main sectors of the economy: the primary sector, which includes agriculture and raw materials; the secondary sector, encompassing manufacturing and construction; and the tertiary sector, which covers services such as healthcare, finance, and education. These sectors collectively reflect the total economic activity within a country. GDP can be calculated through production, income, or expenditure approaches, integrating contributions from each sector.