Choose whether the statement is true/false.

The economic sectors are dependent on each other for their development.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The primary sector produces goods by directly extracting natural resources. The secondary sector processes the raw materials which are products of the primary sector into goods that can be utilized by consumers. The tertiary sector helps in the development of the primary and secondary sectors by providing its services. For example, a farmer grows wheat on his land which is a primary sector activity. He then transports the wheat to a mill. Here, transport is a service in the tertiary sector. The mill grinds the wheat and sells the flour to a supermarket. Here mill is the secondary sector as it processes the raw material wheat into flour for consumption purposes. The supermarket is a tertiary sector that provides the service of selling final goods to consumers.

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