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Economic Sectors of the economy

Presentations | English

"Human activities which generate income are known as economic activities. Economic activities are broadly grouped into primary, secondary, tertiary activities. Economic activities result in the production of goods and services while sectors are the group of economic activities classified on the basis of some criteria. The classical breakdown of economic activity distinguishes three sectors: Primary: involves the retrieval and production of raw materials, such as corn, coal, wood or iron. Coalminers, farmers and fishermen are all workers in the primary sector. Secondary: involves the transformation of raw or intermediate materials into goods, as in steel into cars, or textiles into clothing. Builders and dressmakers work in the secondary sector. Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector."

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PPTX (94 Slides)

Economic Sectors of the economy

Presentations | English