Question

What is the primary sector also referred to as, given its significant agricultural component?

1. The primary sector is commonly known as the industrial sector.
2. Due to the major role of agriculture, the primary sector is also called the agricultural sector.
3. The service sector is another name for the primary sector.

• A. i only
• B. All
• C. ii only
• D. iii only

Answer 1

Answer:

C. ii only

SECTORS OF THE ECONOMY 

Primary Sector – Sector involving activities making direct use of natural resources. As agriculture form a major part, it is also called agricultural sector.

Secondary Sector – Activities that manufacture goods making use of the products of primary sector as the raw materials. Also called industrial sector.

Tertiary Sector – Collects and distributes products of primary and secondary sectors. Also called service sector.

Economic growth takes place when primary, secondary and tertiary sectors function as a whole.

• Central Statistical Office (CSO) has classified the economic activities included in each of the sectors as follows: