ECONOMIC DEVELOPMENT

Question 1

What is the primary sector of the economy?

Answer 1

The primary sector of the economy is the sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas

Question 2

What is the secondary sector of the economy?

Answer 2

The secondary sector consists of processing, manufacturing, and construction companies. The secondary sector produces goods from the natural products within the primary sector, e.g car producers

Question 3

What is the tertiary sector of the economy?

Answer 3

The tertiary industry is the services sector of an economy, encompassing medical providers, educators, financial services, haircuts, and personal trainers, among many others