answersLogoWhite

0

Profit Nonprofit
Government

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Economics

What are the three components of the economic cycle and how they affect each other?

Sectors of production and goods factor


What are three economic activities of Qatar?

Gas sectors expanding, tapping natural gas reserves, and oil are three of the most recent economic activities in Qatar. They provide the country's wealth.


Is there are three economic sectors they are consumer sector business sector and the universal sector?

The three primary economic sectors are typically categorized as the primary, secondary, and tertiary sectors. The primary sector involves the extraction of natural resources (e.g., agriculture, mining), the secondary sector focuses on manufacturing and industrial processes, and the tertiary sector encompasses services (e.g., retail, healthcare). While the terms "consumer sector" and "business sector" may refer to aspects of the economy, they do not replace the traditional classification of economic sectors. The "universal sector" is not a standard term in economic categorization.


What is economic linkages?

is where an economic sector provides the necessities of other sectors.


Name the economist who has divided the economy into three categories.?

The economist who divided the economy into three categories is Adam Smith. He categorized the economy into primary (agriculture), secondary (manufacturing), and tertiary (services) sectors. This classification helps in understanding the different roles these sectors play in economic development and productivity. Smith's work laid the groundwork for modern economic theory and analysis.

Related Questions

What is Tertiary Production?

Tertiary production is part of the three sectors of the economic theory. The tertiary production refers to the creation of intangible goods and provides services to the two other sectors of economic theory.


What are the three components of the economic cycle and how they affect each other?

Sectors of production and goods factor


What are three economic activities of Qatar?

Gas sectors expanding, tapping natural gas reserves, and oil are three of the most recent economic activities in Qatar. They provide the country's wealth.


What is economic linkages?

is where an economic sector provides the necessities of other sectors.


Name the economist who has divided the economy into three categories.?

The economist who divided the economy into three categories is Adam Smith. He categorized the economy into primary (agriculture), secondary (manufacturing), and tertiary (services) sectors. This classification helps in understanding the different roles these sectors play in economic development and productivity. Smith's work laid the groundwork for modern economic theory and analysis.


What are the four economic sectors?

They are the Primary, Secondary, Teritary and Consumer


What are two major economic sectors in Pennsylvania?

hook and crook


Contribution of different sectors to national income?

The contribution of different sectors to national income varies by country and economic structure. Typically, the economy is divided into three main sectors: agriculture, industry, and services. In developing countries, agriculture often plays a significant role, while in developed nations, the services sector usually dominates, contributing the largest share to national income. This shift reflects broader economic trends, including industrialization and urbanization, which enhance productivity and innovation in various sectors.


What are the three sectors that make up the tourism industry?

The three sectors that make up the tourism industry are transportation, accommodation, and attractions. These sectors work together to provide services and experiences for travelers.


What three sectors must be included when studying the classical period?

When studying the classical period, it's essential to include the political, economic, and cultural sectors. The political sector examines the governance systems and power structures of the time, the economic sector focuses on trade, agriculture, and labor systems, while the cultural sector encompasses art, religion, philosophy, and social norms. Together, these sectors provide a comprehensive understanding of the complexities and dynamics that characterized classical civilizations.


What is informal sectors?

for me informal sector is the undeveloped economic with low education of people


What are the 4 basic economic sectors?

Factor Markets, Households, Profuct markets, firms

Trending Questions
What are the causes of economic crisis? The works of which economist lead to a more quantitative study of economics? Will poverty kill love or wealth kill love? Why did economists invent the term stagflation to describe the economic problems in the US during the 1970's? Where can you find prices for baled cardboard? What trade policies would most encourage Americans to buy domestic products instead of foreign products? How does the field of real analysis intersect with economics and what implications does this have for economic theory and analysis? What was the price of gold ten years ago? What arguments comes closest to constituting a legitimate economic exception to the case for free trade? How did the price of coton change over time? How can I effectively compare statistical analysis software packages such as Stata and R for my research project? Why international business ethics are important? Vaishya are Farmers and merchants? How does the law of supply and demand change a consumers behavior? How does interest rates affect your purchasing decisions? If a certain business monopolizes a particular industry, the government will attempt to stop it. This is an example of which economic function of government? How can you get evaluation of an energy system idea in terms of engineering feasibility and economic feasibility? Why was the US able to adjust its economy from wartime to peacetime a lot easier then other countries? Which is the costliest currency in compare to Indian rupees? What is the using of goods and services called?