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1 year ago

Explain the importance of the primary sector and provide an example

Business

1 answer:

lesya692 [45]1 year ago

3 0

Hey there, your answer is below:

The input for the secondary sector comes from the primary sector. It comprises of all the raw materials that the secondary sector needs to process and produce goods. It generates money for some nations and can be considered "cash crops" because to its importance and worldwide commerce in sustaining the secondary sector, which is growing. This covers forestry, fishing, mining, and agriculture. In contrast, the tertiary sector creates services, while the secondary sector creates manufactured items. In less developed nations, the primary sector is frequently more significant than in industrialized nations.

Thank you,

Eddie

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Fudgin [204]

Answer:

The richest quintile has the ability to save a larger percentage of its income.
Individuals experiencing temporary fluctuations in their incomes are more likely to maintain moderate spending habits.

Explanation:

First part of this question reads:

In the United States, the richest quintile of the population receives 13 times as much income as the poorest quintile. However, the richest quintile only spends 4 times as much as the poorest quintile.

The richest quantile can afford to save more than the poorest quantile because they get enough income to manage their daily needs and then save. The poorest quantile on the other hand face a daily struggle and so have to spend all or most of their income to survive.

When the richer quantile goes through temporary fluctuations, they maintain moderate spending because they know it is temporary and so they keep saving. This is not the case for the poorer quantiles who have to spend according to their income - regardless of its fluctuating - to survive.

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3 years ago

Sheffield Realty Corporation purchased a tract of unimproved land for $115,500. This land was improved and subdivided into build

monitta

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

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3 years ago

Fractions or percentages computed by dividing one account or line-item amount by another are called a.returns. b.industry averag

Studentka2010 [4]

Answer:

Common size statements

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I hope my answer helps you

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3 years ago

Read 2 more answers

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wolverine [178]

Answer:

Paula should purchase car B.

Explanation:

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3 years ago

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liraira [26]

Answer:

Explanation:

All of these are functions of foreign exchange markets

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3 years ago