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Economics

Explain the difference between primary, secondary and tertiary sectors using examples other than those mentioned in the text.

Econ Sectors Ind

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Answer

Primary sectors	Secondary sectors	Tertiary sectors
The primary sector involves activities related to natural resources and raw materials extraction.	The secondary sector focuses on manufacturing and processing raw materials into finished goods.	The tertiary sector provides services to individuals, businesses, and other sectors.
Example: Extraction of Gold, Extraction of Iron	Example: Making jewellery, Making steel utensils	Example: Sale of Jewellery/Utensil through shops, Advertisements of Jewellery/Utensil in electronic and print media.

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Related Questions

Complete the above table to show how sectors are dependent on each other.
Example What does this show ?
Imagine what would happen if farmers refuse to sell sugarcane to a particular sugar mill. The mill will have to shut down. This is an example of the secondary or industrial sector being dependent on the primary.
Imagine what would happen to cotton cultivation if companies decide not to buy from the Indian market and import all cotton they need from other countries. Indian cotton cultivation will become less profitable and the farmers may even go bankrupt, if they cannot quickly switch to other crops. Cotton prices will fall.
Farmers buy many goods such as tractors, pumpsets, electricity, pesticides and fertilisers. Imagine what would happen if the price of fertilisers or pumpsets go up. Cost of cultivation of the farmers will rise and their profits will be reduced.
People working in industrial and service sectors need food. Imagine what would happen if there is a strike by transporters and lorries refuse to take vegetables, milk, etc. from rural areas. Food will become scarce in urban areas whereas farmers will be unable to sell their products.