what is an econamy?

• what are economic sectors?

  primary,secondary,tertiary,quternary
• what is the primary sector and give an example?

  the extraction of raw materials from the earth.e.g:fishing,agriculture,mining
• The four main sectors of the economy are the primary sector, also known as the extraction or raw materials sector, the secondary sector, also known as the manufacturing sector, the tertiary sector, also known as the service sector, and the quaternary sector, also known as the knowledge sector.
• The primary sector, also known as the extraction sector, involves extracting or collecting raw materials, which can be renewable resources such as fish, forestry, and wind power, or non-renewable resources such as oil extraction or mining for coal.
• The primary sector is typically the most dominant in less developed, traditional economies but is a necessary contribution to any thriving economy.
• The secondary sector, which makes and distributes finished goods or products, includes industries such as manufacturing, construction, and utilities.
• The manufacturing industry takes raw materials and combines them to produce a higher value-added finished product.
• The tertiary or service sector includes industries such as retail, financial services, leisure, hospitality, communications, IT, transportation, and healthcare.
• The service sector is concerned with the intangible aspect of offering services to consumers and businesses.
• The service sector retails manufactured goods such as food and clothing and provides services such as insurance and banking.
• In the 20th century, the service sector has grown exponentially due to improved labor productivity.
• The quaternary sector focuses on the development of what economists call human capital, which includes IT, knowledge, education, etc.
• As a nation develops, it typically moves from the primary sector towards the quaternary sector over time, though all four sectors are crucial to the economic welfare of a country and the world as a whole.
• The quaternary sector is what puts a developed nation ahead of its fellow countries.
• The quaternary sector is primarily related to the service sector but it is also related to high-tech components of manufacturing.
• The quaternary sector involves the intellectual aspect of the economy and includes education, training and development of technology as well as research and development.
• A firm's best assets are its employees and its personnel and this sector shows it.
• The secondary sector makes and distributes finished goods or products.
• The quaternary sector involves the intellectual aspect of the economy and includes education, training and development of technology and research and development.
• The more developed the quaternary sector is, the more efficient an economy becomes and the more economic growth it will experience.
• The quaternary sector is the process which enables entrepreneurs to innovate better manufacturing processes and improve the quality of services offered within the economy.
• Higher disposable incomes enable more spending on luxury service items such as tourism and restaurants, which really help to expand the tertiary sector and makes it extremely popular in well-developed nations.
• The quaternary sector, commonly referred to as the knowledge sector, includes industries such as education, research and development, and public sector or government workers.
• Without the growth of technology and information, economic development would be very slow or non-existent.
• The primary sector is sometimes known as the extraction or raw materials sector because it involves extracting or collecting raw materials.
• The tertiary sector is concerned with the intangible aspect of offering services to consumers and businesses.
• The more developed the quatern