What are the three main sectors of economy explain with examples?
The main sectors of the economy are: Primary sector – extraction of raw materials – mining, fishing and agriculture.
Secondary / manufacturing sector – concerned with producing finished goods, e.g.
Construction sector, manufacturing and utilities, e.g.
What are the 5 sectors of the economy?
Terms in this set (7)economic sectors. division of a country’s population based upon the economic area in which that population is employed.primary. agriculture, mining, resource industries.secondary. manufacturing, engineering, construction.tertiary. … Quaternary. … quinary. … BRICS.
What are the main sectors of the US economy?
Economy of the United StatesStatisticsMain industriesPetroleum natural gas steel motor vehicles aerospace chemicals telecommunications electronics food processing pharmaceuticals consumer goods lumber mining defense equipment healthcare information technology construction retail real estate financial services40 more rows
What are the 11 sectors of the economy?
The 11 stock market sectors:Materials.Industrials.Financials.Energy.Consumer discretionary.Information technology.Communication services.Real estate.More items…•
What is the first sector?
Primary sector: raw materials. Secondary sector: manufacturing. Tertiary sector: services.
Who is the father of economics?
SamuelsonCalled the father of modern economics, Samuelson became the first American to win the Nobel Prize in Economics (1970) for his work to transform the fundamental nature of the discipline.