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The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (), manufacturing (), and services ().. According to the model, the main focus of an economy's activity shifts from the primary, through the secondary and finally to the tertiary sector.

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What are the sectors of the economy? Human activities which generate income are known as economic activities. Economic activities are broadly grouped into primary, secondary, tertiary activities. Higher services under tertiary activities are again classified into quaternary and quinary activities. Let us first understand the differences between the different sectors of the economy, so that it ...

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Nov 21, 2018· The primary, secondary and tertiary sectors represent various business types and the goods they produce and sell. It's easiest to think of them as a chain of production, from extracting the raw materials (primary) through manufacturing (secondary) and finally to servicing the end consumers (tertiary).

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Economic Sectors: Primary, Secondary & Tertiary. 2014/12/22· For instance, there are the primary, secondary, and tertiary sectors The primary sector of an economy removes or harvests products directly from the earth in order to produce,...

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