Hayat Ashraf

The economy can be divided into different sectors based on the type of economic activity and the nature of the goods and services produced. The classification of sectors can vary slightly depending on the country or context, but here are the common sectors of the economy: 1. Primary Sector: The primary sector involves the extraction and production of raw materials directly from natural resources. This includes activities such as agriculture, forestry, fishing, mining, and oil extraction. The primary sector provides the essential inputs for other sectors of the economy. 2. Secondary Sector: The secondary sector comprises activities involved in the processing, manufacturing, and construction of goods. This sector transforms raw materials obtained from the primary sector into finished or intermediate products. Examples include manufacturing industries, construction companies, and utilities (such as electricity and gas). 3. Tertiary Sector: The tertiary sector, also known as the service se...