The concept of economic activities being divided into sectors is a foundational framework for understanding the complexity and scope of how human beings generate goods, services, and income. Let’s break down the different sectors and their roles.

Primary Sector

1.Characteristics: This sector deals with natural resources and their direct utilisation for production. This can include activities like farming, fishing, forestry, and mining.

2.Role: It lays the foundation for all other sectors, providing the raw materials they need to function.

3.Importance: In developing economies, this sector often employs the largest segment of the workforce.

4.Challenges: Vulnerability to natural disasters, price fluctuations, and environmental degradation.

Secondary Sector