Question

Describe three sectors of economic activities with examples?​

Answer 1

Answer:

Production, consumption and capital formation are called the basic economic activities of an economy. Scarce resources are used in the production of goods and services with the objective of satisfying our needs and wants.

Answer 2

Answer:

Primary sector – extraction of raw materials – mining, fishing and agriculture. Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity. ... Quaternary sector (knowledge economy, education, research and development)06-May-2020

Explanation: