Question

classification of economic activities with example

Answer 1

Answer:

Human activities which generate income are known as economic activities. Economic activities are broadly grouped into primary, secondary, tertiary activities. Higher services under tertiary activities are again classified into quaternary and quinary activities.

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Answer 2

Answer:

In terms of the national economy, a basic classification of economic sectors, broken into four basic sectors is used: Raw Materials (Primary Sector) Manufacturing and Industry (Secondary Sector) Service Sector (Tertiary Sector)