All the three sectors of economy are interdependent justify
Asked by admin @ in Economy viewed by 264 People
Explain the interdependence of the three sectors of economy with example
Answered by admin @
All the 3 sectors are highly interdependent upon each other:-
1. PRIMARY SECTOR:- Primary sector activities means direct using of natural resources. It includes agriculture, dairy farming, fishing,etc. when we produce goods by exploiting of natural resources.
All that is produced in the primary sector is of no use, until it undergoes a change into finished product which is not possible without transportation.
2.SECONDARY SECTOR:- secondary sector covers activities in which natural resources products are changed into other forms through manufacturing.
It is the manufacturing sector to make these products and sell them in the market.Ex- cotton--cloths,Iron ore--steel,etc.
3.TERTIARY SECTOR:-Tertiary sector activities help in the development of primary and secondary sectors.
For moving from primary to secondary sector and further to the market requires services of trades at different places and requires many other services. For all this we cannot think of working without transportation. Ex- transport and communication, education,health facilities.
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