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State how economic activities are classified.
Economics
ScanSolve AI Answer
Economic activities are typically classified into three main sectors:
- Primary sector: Involves extracting raw materials from the earth (e.g., agriculture, mining, fishing).
- Secondary sector: Involves processing raw materials into finished goods (e.g., manufacturing, construction).
- Tertiary sector: Involves providing services to consumers and businesses (e.g., retail, healthcare, education).
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