The three stages of production are:
Primary Production: This stage involves the extraction and harvesting of Natural Resources, such as agriculture, fishing, and mining. It provides raw materials necessary for further production processes.
Secondary Production: This stage encompasses the manufacturing and processing of goods from raw materials into finished products. It includes industries like construction and manufacturing, where inputs are transformed into tangible goods.
Tertiary Production: This stage focuses on the service sector, which provides services rather than goods. It includes industries such as retail, healthcare, education, and entertainment, facilitating the distribution and consumption of products.
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