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