Lecture 2 Before going into sectors of economy, let's have a look on numbers and corresponding latin originated words. 1st → primary, 2nd → secondary 3rd → tertiary, 4th → quaternary 5th → quinary, 6th → senary 7th → septenary, 8th → octonary 9th → nonary, 10th → denary 12th → duodenary, 20th → vigenary The income generating activities are divided into different sections known as Sectors of Economy 1. Primary Sector- Directly depends on natural resources like mining, agriculture and allied activities. It's a labour intensive sector known as Red collar job. It is named Primary as it forms base for all other sectors of economy. 2. Secondary Sector- Change of form of the Primary Products(Extracted natural reso...
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