Sectors Of Economy
There are 4 types of sectors in economy -:
Primary Sector
Secondary Sector
Tertiary Sector
Quaternary Sector
Primary Sector
The primary sector talks about all the industries that are involved or work in the sector where natural resources are extracted
Example -: Mining, Cutting Wood, Farming, Fishing And Etc
Secondary Sector
In the secondary sector, all the industries tend to produce finished goods, basically the secondary sector contains the production of finished goods
There are 2 Types of industries in the secondary sector, heavy industries and light industries
Heavy industries focus more on high work and big firms like construction, making of transports and aerospace production
Tertiary Sector
Tertiary sector is about service towards businesses and firms
Example -: Retail, Health care, Financial Services And Etc
Quaternary Sector
Quaternary sector involves all the creation and distribution of knowledge
Example -: Research And Development, Education, Tech And Etc