Question

Classify the economy on the basis of the nature of the activity. ​

Answer 1

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➣ Classification of economic sectors on the basis of nature of activities are as follows:

(i) Primary sector :

➠ When we produce goods by exploiting natural resources, it is an activity of the primary sector, such as agriculture, dairy farming, fishing, forestry.

(ii) Secondary sector :

➠ In this, natural products are changed into other forms through manufacturing that we associate with industrial activity.

➠ The product is not produced by nature but has to be made and therefore, some process of manufacturing is essential.

➠ For example, using cotton fibre from the plant we spin, yarn and weave cloth.

(iii) Tertiary sector :

➠ It helps in the development of the primary and secondary sectors.

➠ They provide aid or a support for the production process.

➠ Transport, storage, communication, banking, trade are some examples of tertiary activities.

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Answer 2

Explanation:

•When we produce goods by exploiting natural resources, it is an activity of the primary sector, such as agriculture, dairy farming, fishing, forestry.

• In this, natural products are changed into other forms through manufacturing that we associate with industrial activity.

• The product is not produced by nature but has to be made and therefore, some process of manufacturing is essential.

• For example, using cotton fibre from the plant we spin, yarn and weave cloth.

• It helps in the development of the primary and secondary sectors.

•They provide aid or a support for the production process.

•Transport, storage, communication, banking, trade are some examples of tertiary activities.

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