· Economy is normally categorized into three sectors namely −
- Primary Sector
- Secondary Sector
- Tertiary Sector
Primary Sector
· Primary Sector is directly dependent on environment for manufacture and production. For example, agriculture, mining, farming etc.
Secondary Sector
· Secondary Sector adds value to the produ by transforming raw materials into valuable products. For example, processing and construction industries.
Tertiary Sector
· Tertiary Sector is involved in production and exchange of services. For example, transportation, communication, and other services of such kind.
· Tertiary Sector is also known as Services Sector as it facilitates the production and exchanges of services.
