The Nigerian economy is structured into three main sectors: primary, secondary, and tertiary. The primary sector, which includes agriculture, forestry, and fishing, contributes significantly to employment and food security but has faced challenges such as inefficiency and inadequate infrastructure. The secondary sector, encompassing manufacturing and construction, is growing but remains limited due to reliance on imports and energy shortages. The tertiary sector, which includes services such as finance, telecommunications, and trade, is the largest contributor to Nigeria's GDP, reflecting a shift towards a more service-oriented economy.
All these sectors (industrial, agricultural, and other trades) contribute to the economy of Nigeria, but industry is currently the largest contributor.
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The tertiary economic sector focuses on the distribution and servicing of finished products (from the secondary sector). Occupations include merchants, salesmen, and grocers.
Economic structure
Egypt's economy is diverse, encompassing all three sectors: primary, secondary, and tertiary. The primary sector includes agriculture and fishing, which are vital to the country's economy. The secondary sector involves manufacturing and construction, contributing significantly to industrial growth. The tertiary sector, which includes services like tourism and trade, is increasingly important, especially given Egypt's rich historical and cultural heritage.
Secondary sector is the second step of development in any economy
France is primarily a tertiary economy, with the services sector accounting for the largest share of its GDP and employment. This includes industries such as tourism, finance, healthcare, and education. While it also has a significant secondary sector, including manufacturing and construction, the tertiary sector plays a dominant role in its economic structure.
Occupational structure refers to distribution of working population across primary secondary and tertiary sector of the economy.
Matalan is a retail company primarily operating in the clothing and home goods sector, making it part of the tertiary sector of the economy. The tertiary sector encompasses services and retail businesses, distinguishing it from the primary sector (extraction of natural resources) and the secondary sector (manufacturing and industry). Matalan focuses on providing products and services directly to consumers.
is nigeria a market economy, or a custom based economy, or directed.
The theories and models of small and medium scale enterprises in Nigeria basically outlines the immense contribution to the Nigerian economy.