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: -Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector.

Detailed explanation-3: -The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work.

Detailed explanation-4: -Secondary sources are works that analyze, assess or interpret a historical event, era or phenomenon. They may use primary sources to to write a review, critique or interpretation often well after the event. Tertiary Sources are those used to identify and locate primary and secondary sources.