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Showing posts with the label Economic Sectors

What does economic sector mean? |

  Economic Sectors   The term "economic sector" refers to a specific segment or category of the economy that shares similar characteristics in terms of the types of activities and industries involved. It is a way to classify and organize economic activities based on their nature, function, and relationship to one another. There are typically three main economic sectors recognized: the primary sector, the secondary sector, and the tertiary sector. Sometimes, a fourth sector, known as the quaternary sector, and fifth sector, known as the Quinary Sector  are also identified.   What are the 5 economic sectors? | What are major industry categories? What are basic economic sectors? While mentioned the primary, secondary, tertiary, and quaternary sectors as common classifications, it's important to note that the specific categorization of economic sectors may vary depending on the source or framework being used. Here, I will provide a widely recognized and commonly referenc...