Why do we need to divide our economy into three sectors.

ANSWER:

We need to divide our economy into three sectors because the economy is very vast and we cannot keep every sector under the same roof.

EXPLANATION:

The economy is divided in to three sectors namely – primary sector, secondary sector and tertiary sector. This division is necessary so that we can categorize the population according to their work and get an idea about how to solve their problems. As each sector faces different kinds of problems, there need to be different kinds of solutions which cannot be given if there is no division of economy. There are other sectors as well such as private and public sectors and organized and unorganized sectors.