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Economic sectors

What are economic sectors?

Economic sectors are broad categories that classify different types of economic activities based on the nature of the goods or services produced. The main sectors include the primary sector (extracting raw materials), secondary sector (manufacturing), tertiary sector (services), and quaternary sector (knowledge-based services).

What are the main characteristics of primary, secondary, tertiary, and quaternary sectors?

The primary sector involves extracting natural resources, the secondary sector involves manufacturing, the tertiary sector involves providing services, and the quaternary sector involves knowledge-based activities and information services.

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