What are the different sectors of the economy?

The economy of a country can be divided into various sectors based on the type of goods and services produced. The primary sector includes industries involved in the extraction and harvesting of natural resources, such as agriculture, forestry, mining, and fishing. The secondary sector comprises industries that transform raw materials into finished products, like manufacturing, construction, and energy production. The tertiary sector consists of service industries that provide intangible goods or services to consumers, including education, healthcare, tourism, finance, and retail. Finally, the quaternary sector encompasses knowledge-based industries that focus on research, development, information technology, and intellectual services. These sectors are crucial for measuring economic growth, employment, and understanding the overall functioning of an economy.

This mind map was published on 5 July 2023 and has been viewed 70 times.