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Q.

There are three sectors in an economy responsible for producing ;

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a

Goods and services

b

Forestry, Manufacturing, Trading

c

Hunting, Banking, Insurance

d

None of these

answer is A.

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Detailed Solution

There are three sectors in an economy responsible for producing goods and services. Primary, Secondary, and Tertiary sectors are three sectors. The primary or agricultural sector includes activities like farming, animal husbandry, fishing, poultry, mining, and quarrying. The secondary or manufacturing sector includes manufacturing and processing finished goods from raw materials. The tertiary or service sectors include trade, transport, banking, communications, health, education, and tourism.

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