SSC MTS EXAM

Detailed explanation-1: -An economy is best understood when we study its components or sectors. Sectoral classification can be done on the basis of several criteria. In this chapter, three types of classifications are discussed: primary/secondary/tertiary; organised/ unorganised; and public/private.

Detailed explanation-2: -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-3: -There are four types of sector groupings in the economy: primary, secondary, tertiary, and quaternary.

Detailed explanation-4: -The 4 different sectors of the economy are primary sector, secondary sector, tertiary sector and quaternary sector.