Its economy is based on agriculture (mainly broad acre grain cropping and sheep farming) and mining.

[6] In 1932 the Wheat Pool of Western Australia announced that the town would have two grain elevators, each fitted with an engine, installed at the railway siding.

[7] The shrub Banksia trifontinalis (Three Springs Dryandra) is named after the town, in the vicinity of which it was first collected.

Imerys S.A. a French industrial minerals company, operates the world's second largest talc mine just outside the Three Springs townsite.

As a result of contamination from iron ore at the port rail unload facility, since 2004 it has been transported by road.