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How can different businesses be classified ?
They can be classified according to the type of sector in which they operate
What is the primary sector ?
It is concerned with the extraction of raw materials
What is the secondary sector ?
It is concerned with the processing of raw materials and the manufacture of goods
What is the tertiary sector ?
It is concerned with the provision of a wide range services for consumers and other businesses
What is the qua
What do less developed economies focus on ?
They will be primarily focused on the pr