There are three main sectors of production.
They are Primary, Secondary and Tertiary sector.
1. Primary Sector
- It
carries out the first stage of production
- It
extracts raw materials
- Examples
include fishing, farming, mining etc
- It
is sometimes called as Extractive or Primary Industry
2. Secondary Sector
- It
carries out the second stage of production
- It
converts raw materials into semi-finished or finished goods
- Examples
include production of cars, furniture etc
- It
has two main industries namely Manufacturing Industry and Construction
Industry
- It
is sometimes called as Secondary Industries
3. Tertiary Sector
- It
provides services to other industries
- It
includes both direct and indirect services
- Examples
include banking, warehousing, retailing etc
- It
is also known as Service Industry or Tertiary Industry
