with the exception of some oil-rich economies, countries with large primary sectors of the economy have gdps per capita countries with large tertiary sectors.

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tamiwhitaker1958 tamiwhitaker1958

16-12-2022
Business

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with the exception of some oil-rich economies, countries with large primary sectors of the economy have gdps per capita countries with large tertiary sectors.

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Tundexi Tundexi · Answer 1 · 2022-12-22T12:35:37+01:00

With the exception of some oil-rich economies, countries with large primary sectors of the economy have GDPs per capita lower than countries with large tertiary sectors.

What is primary sectors of economy?

Under production, the primary sector of an economy includes all those activities the end purpose of which consists in exploiting natural resources: agriculture, fishing, forestry, mining, deposits.

What is tetiary sectors of economy?

Under production, tertiary sector provides all services to businesses and consumers by selling the goods being manufactured by companies in the secondary sector. Its encompassing medical providers, educators, financial services, haircuts, personal trainers etc.