Choose the given statement is true or false:

The primary and secondary sectors are dependent on the tertiary sector.

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True

False

answer is A.

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Detailed Solution

The given statement is true.
The primary and secondary sectors are directly or indirectly dependent on the tertiary sector. It can be explained through the following examples:
1)      Industries, as well as farmers, need loans or credit to carry out their activities. The same is provided to them by banks, which are a part of the tertiary sector.
2)      After the goods are produced in the primary and tertiary sectors, they must be transported to the shops or warehouses. Transportation is a part of the tertiary sector activities.
3)      The warehouse or storage facilities are also a part of the tertiary sector.

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