Question

difference between primary and tertiary activity

Answer 1

Primary activity

A primary economic activity refers to any kind of economic activity that involves collecting, extracting, or harvesting natural resources. There are two types of products that can be produced from primary economic activities.

1. Hunting, gathering, fishing, rearing animals, mining and agriculture, etc., are the important primary economic activities of man.

2. These activities are solely dependent on nature.

3. These activities mainly produce raw materials required in different types of industries.

4. Natural calamities affect most of the primary activities.

Tertiary activity

The tertiary industry is a technical name for the services sector of the economy, which encompasses a wide range of businesses, including financial institutions, schools, hotels, and restaurants.

1. The tertiary industry is the economy's services sector, which includes financial services, medical professionals, educators, hairdressers, and personal trainers, among other things.

2. The tertiary sector is classified into two categories: profit and non-profit.

3. In terms of revenue generation, the tertiary sector is presently the largest sector of the world economy.

4. Economists have discovered that when a country's economy advances, the tertiary sector expands while the primary sector, which generates raw resources, falls.

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Answer 2

Answer:

PRIMARY ACTIVITY

1. Activities concerned in extraction and production of natural resources.

2. Dependent on nature

Examples: Agriculture, fishing

TERTIARY ACTIVITY

1. Activities concerned with providing support services to the primary and secondary sectors

2. Dependent on primary sector

Examples: Transport, trade, banking, insurance, and advertising

Explanation:

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