What do you mean by sectors of economy?

What do you mean by sectors of economy?

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.

What are the 5 sectors of economic sectors?

Sectors of the Economy: Primary, Secondary, Tertiary, Quaternary and Quinary.

What are the 4 sectors of economy?

The four sectors in the American economy are Government, For-Profit or Business, the Nonprofit or Independent, and Households or Family. While we often think of these as separate entities, they are often inter-dependent.

What are the main sectors of economy?

Top Performing Sectors of Indian Economy

  • Agricultural Sector:
  • Industry Sector:
  • Services Sector:
  • Food Processing:
  • Manufacturing Sector:

What are 4 sectors of the economy?

There are four different sectors in the economy: primary, secondary, tertiary, and quaternary.

What are the five economic sectors?

The main five economic sectors are Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities. One key part of our three-part investing program is to diversify by spreading your money out across most, if not all, of the five economic sectors.

What does economic sector mean?

(March 2013) Economic sectors are large groups of the economy, grouped according to their place in the production chain, by their kind of work (product or service) or ownership.

What are the most important sectors of the economy?

Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, wholesale and retail trade, financial services, transport, mining, agriculture and tourism.

What are sectors of the economy provide the most savings?

What sector(s) of the economy provide(s) the most savings: the federal government, the public sector, state and local governments, households and businesses