Sectors of Economy-1.pptx...............

education

1. Sectors of Economy

2. Economic Activities Economic activities are those activities that a person undertakes to gain his/her life's wages, money and resources. These activities include investment, output, distribution and consumption, at all sections of life, goods and services. An economy is called the nation where these economic activities are conducted. Example: Banking, Marketing etc.

3. Classification of Sectors based on nature of the work Primary sector: Secondary sector Tertiary sector

4. Interaction with nature to obtain products. Mainly produces raw materials. Example: Mining, Agriculture, Fishing etc. Primary Sector

5. Secondary Sector It is manufacturing sector. Uses raw materials from primary sector and produces final goods. All the industries which provides physical goods come under this sector. Example: Iron and steel industries, cotton textile industries

6. Tertiary sector It includes all the services like tran sport and communication. Tertiary sector acts as the connector between the primary and secondary sectors. Example: Banking, transport and communication, medical services, educational services etc.