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NECO Commerce 2023 Objective — Question 3

Question 3 of 50 from the National Examinations Council (NECO) Commerce 2023 Objective paper, with the correct answer and a full explanation.

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The three main sectors of the economy are (a) primary, secondary and tertiary (b) manufacturing, trading and service (c) industrial, commercial and service (d) production, distribution and exchange

  • A. primary, secondary and tertiary
  • B. manufacturing, trading and service
  • C. industrial, commercial and serviceCorrect
  • D. production, distribution and exchange

Explanation

The three main sectors of the economy are industrial (which produces goods), commercial (which sells goods and services) and service (which provides intangible goods and services).

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