discuss the three main
economic activities
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The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary). ... In highly developed countries with a high income, the tertiary sector dominates the total output of the economy.
Explanation:
Economic activities include those which deal with the production, manufacturing, allocation and distribution of goods and services by individuals to satisfy their financial needs. There are numerous types of activities that are undertaken in an economy which adhere to these criteria. For instance, businesses, professions and employment on contractual basis are all parts of economic activities that generate monetary remuneration for individuals.
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