GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Secondary sector
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Primary sector
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Tertiary sector
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None of these
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Detailed explanation-1: -The tertiary industry sector makes up the vast majority of employment opportunities and is solely focused on providing services, not goods, to consumers and other organizations. For this reason, it is also known as the service sector.
Detailed explanation-2: -A sector is an area of the economy in which businesses share the same or related business activity, product, or service. Sectors represent a large grouping of companies with similar business activities, such as the extraction of natural resources and agriculture.
Detailed explanation-3: -The service sector is the sector of the economy that produces and offers services. According to the tri-sector macroeconomic theory, there are three major economic sectors – primary, secondary, and tertiary.
Detailed explanation-4: -The manufacturing and Industry sector are known as the secondary sector, sometimes as the production sector. The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry.