📚 Learning Guide
Economic Sectors
easy

Which of the following statements correctly describe the primary, secondary, and tertiary sectors of the economy? Select all that apply.

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Choose the Best Answer

A

The primary sector focuses on manufacturing goods from raw materials.

B

The secondary sector is involved in extracting natural resources.

C

The tertiary sector provides services such as healthcare and education.

D

The primary sector includes activities like agriculture and mining.

E

The secondary sector is primarily concerned with financial services.

Understanding the Answer

Let's break down why this is correct

Answer

The economy is divided into three main sectors: primary, secondary, and tertiary. The primary sector involves the extraction and harvesting of natural resources, like farming, fishing, and mining. For example, a farmer growing wheat is part of the primary sector because they are collecting a natural resource directly from the earth. The secondary sector takes these raw materials and transforms them into finished products, like a factory that makes bread from the wheat. Finally, the tertiary sector provides services rather than goods, like a grocery store selling the bread to customers, making it essential for connecting producers and consumers.

Detailed Explanation

Each option describes the sectors incorrectly. Other options are incorrect because This option confuses the primary sector with the secondary sector; This option mixes up the secondary sector with the primary sector.

Key Concepts

Economic Sectors
Production and Services
Topic

Economic Sectors

Difficulty

easy level question

Cognitive Level

understand

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