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What is the difference between a primary sector economy, a secondary sector economy, and a tertiary sector economy?

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What is the difference between a primary sector economy, a secondary sector economy, and a tertiary sector economy?
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    1. Primary Sector Economy: Definition: Involves extraction of raw materials from the Earth. Activities: Agriculture, forestry, mining, fishing. Focus: Raw material production. Secondary Sector Economy: Definition: Involves processing raw materials into finished goods. Activities: Manufacturing, construRead more

      Primary Sector Economy:

      • Definition: Involves extraction of raw materials from the Earth.
      • Activities: Agriculture, forestry, mining, fishing.
      • Focus: Raw material production.

      Secondary Sector Economy:

      • Definition: Involves processing raw materials into finished goods.
      • Activities: Manufacturing, construction.
      • Focus: Industrial production.

      Tertiary Sector Economy:

      • Definition: Involves providing services rather than producing goods.
      • Activities: Retail, education, healthcare, tourism.
      • Focus: Service-oriented activities.

      Key Distinctions:

      • Primary: Extractive, raw materials.
      • Secondary: Manufacturing, processing.
      • Tertiary: Services, non-material aspects.
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