; It covers the basic needs of human beings in order to survive. 3. Blog. Three sectors – Primary, Secondary and Tertiary. The tertiary or service sector are all jobs that offer a service to the public. In a developing country like India all the three sectors are equally important. (iii) Demand for tourism, shopping, private schools, private hospitals, etc. This includes agriculture, forestry, mining and fishing. In a country like USA Tertiary is very important and then Secondary. (i) This sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. ; Most of the time, raw materials go to the secondary sector to produce consumer goods. The sectors of the economy: primary, secondary and tertiary Primary activities . The primary activities are those belonging to the sector of the economy that makes direct use of the natural resources . It involves both renewable and non-renewable resources in the Primary Industry. Nov. 21, 2020. Like wood for example, there are factories that make chairs. Secondary Industries. in Indian economy. the economic sector is divided into three sectors: 1. Tertiary Sector means service sector. Sectors of Indian Economy. Primary = Agriculture related. Today the contribution of Service sector is growing very fastly and contributing very high amount in GDP. What is visual communication and why it matters; Nov. 20, 2020 PS: Our next set of articles in this category will cover sub-sectors like Banking, IT, Biotechnology, Agriculture etc in detail. Tertiary sector. Importance of primary, secondary and tertiary industries for sustainable development ... concluded that a development dependent of the primary sector is … increases with the increase in the level of income. WJEC AS Business. 2. The most important characteristics of the primary sector are as follows: It directly obtains the resources provided by nature. ; It is in charge of providing food for human consumption and some … The secondary or manufacturing sector are all jobs that transform the raw materials into elaborated products. Unit 1: Business Opportunities. Primary sector. The tertiary sector accounts for most of the national and per capita income of India. 3. Secondary sector. The importance of the Tertiary sector is rising because of the following reasons. Tertiary = … Importance of the tertiary sector Factors responsible for the growth of tertiary sector. The economy of a modern world can be discussed in terms of three sectors: primary, secondary and tertiary. 1. Characteristics of the primary sector. The need for tertiary is increasing as there is more need of services like financial institutions, educational institutions etc. 2. which are basic for the development of the country. Basic Services : In any country several services such as hospitals, schools, post and telegraph, police station, courts, insurance, defense, transport, banks etc are required. However, in the recent years, it has been seen that due to the introduction of technology in this sector, it has shown a decline. 4. The industry, crafts, and construction all form part of the secondary sector. Tertiary sector has become important in India because : (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. 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