Sectors of economy

                                                    Sectors of economy Introduction: A sector is an area of the economy in which businesses share the same or related business activity, product, or service. Sectors represent a large grouping of companies with similar business activities, such as the extraction of natural resources and agriculture. MEANING: A sector is group of companies that are engaged in similar business activities. The Indian economy is typically divided into three main sectors:  primary, secondary, and tertiary .  

          DIFFERENT SECTORS OF ECONOMY: 1.Primary sector 2.Secondary sector 3.Tertiary sector                                                                                                     Primary sector The  primary sector of the economy   includes any   industry   involved in the extraction and production of   raw materials , such as   farming ,   logging ,   fishing ,   forestry   and   mining .

                                                    Secondary Sector The  secondary sector of the economy  is an  economic sector  in the  three-sector theory  that describes the role of  manufacturing . It encompasses   industries  that  produce  a finished, usable  product  or are involved in  construction .

                            Tertiary Sector The tertiary sector is  the part of an economy that provides services instead of producing goods .   It's also known as the service sector.     Examples include  transportation, hospitality, food services, financial services, personal services, and healthcare .                                                CONCLUSION: In conclusion,  the economy is a complex system of interlinked sectors that are crucial for producing goods and services .   The primary sector, involving agriculture and resource extraction, provides the foundation for other sectors.   The secondary sector, or manufacturing, transforms raw materials into finished products.   The tertiary sector, or services, supports both primary and secondary sec...