ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The 3 main sectors of the economy are primary, secondary and tertiary sectors. Manufacturing comes under the secondary sector, extraction of raw materials industries comes under the primary sector of the economy and the services industry comes in the tertiary sector of the economy.

Detailed explanation-2: -We divide it into three sectors-Primary, Secondary and Tertiary. This article will delve into each of these sectors of the Indian economy below. In this article, we shall further discuss the various characteristic features of different sectors of economy.

Detailed explanation-3: -The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).

Detailed explanation-4: -They are three sectors in the Indian economy, they are; primary economy, secondary economy, and tertiary economy. In terms of operations, the Indian economy is divided into organized and unorganized. While for ownership, it is divided into the public sector and the private sector.