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The economic activities are divided into three sectors - primary, secondary, tertiary on the basis of________
  • a)
    Employment conditions
  • b)
    The nature of economic activity
  • c)
    Ownership of enterprises
  • d)
    Number of workers employed in the enterprise
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The economic activities are divided into three sectors - primary, seco...
  • The economic activities are divided into three sectors - primary, secondary, tertiary on the basis of the nature of economic activity
  • The three-sector theory is an economic theory which divided into three sectors activity: extraction of raw material (Primary), manufacturing (Secondary) and services (Tertiary).
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The economic activities are divided into three sectors - primary, seco...

Explanation:

Nature of economic activity:
- The primary sector involves activities related to natural resources such as agriculture, mining, fishing, and forestry.
- The secondary sector includes activities that involve manufacturing and construction.
- The tertiary sector comprises services such as education, healthcare, banking, transportation, and entertainment.

Primary sector:
- This sector involves the extraction and harvesting of natural resources.
- Workers in this sector are involved in activities like farming, mining, fishing, and forestry.
- The primary sector is essential as it provides raw materials for the secondary sector.

Secondary sector:
- The secondary sector involves the processing of raw materials into finished goods.
- Workers in this sector are involved in manufacturing and construction activities.
- The secondary sector adds value to raw materials and creates products for consumption.

Tertiary sector:
- The tertiary sector provides services to individuals and businesses.
- Workers in this sector are involved in activities such as retail, education, healthcare, and tourism.
- The tertiary sector is crucial for supporting the economy and enhancing the quality of life.

By categorizing economic activities into these three sectors based on the nature of the activity, policymakers and economists can analyze the contribution of each sector to the overall economy and make informed decisions to promote economic growth and development.
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The economic activities are divided into three sectors - primary, secondary, tertiary on the basis of________a)Employment conditionsb)The nature of economic activityc)Ownership of enterprisesd)Number of workers employed in the enterpriseCorrect answer is option 'B'. Can you explain this answer?
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