The AMUL cooperative brought a major change to farmers by establishing a model of dairy farming that empowered them through collective ownership and direct access to markets. This cooperative structure allowed farmers to pool their resources, ensuring fair prices for ...

The primary, secondary, and tertiary sectors are interconnected in a cyclical economic system where each sector relies on the others to function effectively. The primary sector provides raw materials, such as crops, minerals, and timber, which are essential for the ...

An example of a primary sector activity is agriculture, which involves the cultivation of crops and raising livestock. This sector focuses on the extraction of natural resources directly from the environment, such as farming, fishing, forestry, and mining. Primary sector ...

The tertiary sector plays a vital role in the economy by providing essential services that support both individuals and businesses. It encompasses a wide range of activities, including healthcare, education, finance, retail, and hospitality, which enhance the quality of life ...

The economic sector often referred to as the service sector is the tertiary sector. This sector encompasses a wide range of activities that provide services rather than producing tangible goods. Examples include healthcare, education, banking, retail, hospitality, and entertainment. The ...