Economic Sectors Overview

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Questions and Answers

The primary sector extracts raw materials for ______.

industries

The secondary sector turns raw materials into ______.

finished products

All sectors provide employment and improve living ______.

standards

The tertiary sector links producers with consumers through ______.

<p>services</p> Signup and view all the answers

Economic diversification ensures balanced and stable ______.

<p>growth</p> Signup and view all the answers

Flashcards

Primary Sector

Extracts raw materials from nature.

Secondary Sector

Turns raw materials into finished products.

Tertiary Sector

Links producers and consumers through services.

Job Creation

All sectors provide employment.

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Economic Diversification

Different sectors working together for balanced growth.

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Study Notes

Resource Utilization

  • The primary sector extracts raw materials used by other sectors.

Value Addition

  • The secondary sector processes raw materials into finished goods.

Job Creation

  • All economic sectors provide jobs that improve living standards.

Market Expansion

  • The tertiary sector facilitates trade by connecting producers and consumers via services.

Economic Diversification

  • Interconnected sectors foster balanced and stable economic growth.

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