WBCS.LIVE practice question

An economy may be analytically classified into?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Agriculture, Industry and transport
  2. Agriculture, Manufacturing and Services
  3. Primary, secondary and Tertiary Sectors
  4. Primary, Manufacturing and Transport Sectors

Correct answer and explanation

Correct answer: Primary, secondary and Tertiary Sectors

Explanation: āœ… Correct Answer: C) Primary, secondary and Tertiary Sectors šŸ“š Explanation: Economists analytically classify a national economy into three main sectors based on the nature of production. The Primary sector involves raw materials (agriculture), the Secondary sector involves manufacturing, and the Tertiary sector involves services. This classification helps in understanding the economic structure and growth of a country.