Branches of production
Economics
ScanSolve AI Answer
Let's solve this.
The main branches of production are:
-
Primary Sector: This involves the extraction and production of raw materials directly from nature. Examples include agriculture, fishing, mining, and forestry.
-
Secondary Sector: This sector processes the raw materials from the primary sector into finished goods. It includes manufacturing, construction, and energy production.
-
Tertiary Sector: This sector provides services rather than tangible goods. Examples include retail, transportation, healthcare, education, and finance.
Was this helpful?
Still stuck on this one?
Ask a follow-up, and the answer starts from this question.
Got a different question?Ask your own question