Enlist the three types of economic activities
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These three activities, production, consumption and capital formation are inter- related. An increase in the production of goods and services increases the level of consumption and capital formation.
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1) Primary sector- farming, mining, fishing, foresting, animal husbandry flower cultivation, etc.
2) Secondary sector- construction work, manufacturing, tailoring, working in industry like working in match factory etc.
3) Tertiary sector-banking, transportation, communication, financing, courier, astronaut, etc.
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