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How does the three-sector model work? what are the major interacting components of each sector of...

How does the three-sector model work? what are the major interacting components of each sector of this model? Give an example of how to use the model
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Answer #1

primary sector-- raw materials

Secondary sector - manufacturing

Tertiary sector - products and services.

This model is used for understanding of three sectors with their connections and how those three sectors are interlinked and interdependent with each other.

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