The main divisions of production are extraction, manufacturing, and construction.
Extraction refers to the process of obtaining natural resources such as minerals, oil, and gas from the earth. Manufacturing involves using raw materials to produce finished goods, such as assembling car parts to make a car. Construction refers to the process of building structures, such as buildings and roads.
These three divisions are important because they represent the different stages of the production process, from obtaining raw materials to creating finished products. By understanding these divisions, individuals and businesses can identify their role in the production process and how they contribute to the economy.