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Q: In an economy there could be ________ sector/sectors, which are dominant in terms of total production & employment.
  • A. only one
  • B. only two
  • C. one or more
  • D. None of these
Correct Answer: Option C - There are 3 sectors in an economy– 1. Primary sector– It deals with extraction and harvesting of natural resources such as agriculture and mining. 2. Secondary sector– It comprises construction, manufacturing and processing, mainly dealing with the industries. 3. Tertiary sector– It deals with sector providing services, teachers, entertainment etc make up this sector.
C. There are 3 sectors in an economy– 1. Primary sector– It deals with extraction and harvesting of natural resources such as agriculture and mining. 2. Secondary sector– It comprises construction, manufacturing and processing, mainly dealing with the industries. 3. Tertiary sector– It deals with sector providing services, teachers, entertainment etc make up this sector.

Explanations:

There are 3 sectors in an economy– 1. Primary sector– It deals with extraction and harvesting of natural resources such as agriculture and mining. 2. Secondary sector– It comprises construction, manufacturing and processing, mainly dealing with the industries. 3. Tertiary sector– It deals with sector providing services, teachers, entertainment etc make up this sector.