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The primary, secondary and tertiary sectors represent various business types and the goods they procure and sell in an economic setup. Each sector is interdependent on the other so that the economy as a whole functions properly and efficiently.
Economic sectors; Three-sector model; Primary sector (raw materials) Secondary sector (manufacturing) Tertiary sector (services) Additional sectors; Quaternary sector (information services) Quinary sector (human services) Theorists; AGB Fisher; Colin Clark; Jean Fourastié; Sectors by ownership; Business sector; Private sector; Public sector ...
Jan 3, 2023 · According to the three-sector theory, all economic activity can be classified into one of three sectors: the primary sector, the secondary sector, and the tertiary sector. As a rule of thumb, we say the more advanced an economy is, the more its focus shifts from the primary, through the secondary to the tertiary sector.
