Sectors of an Economy - JSS3 Social studies Past Questions and Answers - page 2

Economic activities in the primary sector include agriculture (farming), mining, and forestry.

The secondary sector, involving manufacturing and construction, adds value to raw materials. Examples include automobile manufacturing and steel production.

How does the tertiary sector contribute to the overall economy, and can you mention some services in this sector?

Balancing sectors ensures resilience, reduces dependency on one sector, and promotes sustainable development. A diversified economy minimizes risks and supports overall growth.

Agriculture contributes raw materials and plays a significant role in employment, providing jobs for a large portion of the population.

Manufacturing and industry in the secondary sector create jobs and add value by processing raw materials into finished goods, fostering economic development.

The tertiary sector improves quality of life by providing services such as education, healthcare, banking, and entertainment, contributing to societal well-being.

Economic diversification is crucial for Nigeria to reduce dependency on oil and other single sectors, making the economy more resilient to external shocks and fluctuations.