12. What is meant by economic activities? Describe the three types of economic activities with examples.
Answers
Answer:
Here's ur answer!
Explanation:
An economic activity is a process that based on inputs, leads to the manufacture of a good or the provision of a service.
Three types of economic activities are:-)
1)primary sector :-) farming, mining, fishing, forestry etc.
2)secondary sector :-) construction work, manufacturing, tailoring, working in industry like working in match factory etc.
3)tertiary sector :-) banking, transportation, communications, astronauts etc..
Hope this will help u!!
Answer:
Economic activity: An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service
Explanation:
the three types of Economic activities are
1.Primary Activities: these are the basic activities in economic activities these include activities like agriculture ,And Agro-based working
2.Scondary activities: these are the activities that are based on the primary activities in other words these are the activities that are a build on, on primary activities.These include Industrial works like Iron and Steel Manufacturing etc...
3.tertiary Activities: These are activities like trade, advertisement, banking etc this is the activity that takes the goods produced by first two activities into the market stage