explain about three types of economics activities
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The three types of economic activities are described below: (i)Primary Activities: Primary activities include all those connected with extraction and production of natural resources. ... (ii)Secondary Activities: Activities which are concerned with the processing of natural resources are called secondary activities.
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Tʜᴇ ᴛʜʀᴇᴇ-sᴇᴄᴛᴏʀ ᴍᴏᴅᴇʟ ɪɴ ᴇᴄᴏɴᴏᴍɪᴄs ᴅɪᴠɪᴅᴇs ᴇᴄᴏɴᴏᴍɪᴇs ɪɴᴛᴏ ᴛʜʀᴇᴇ sᴇᴄᴛᴏʀs ᴏғᴀᴄᴛɪᴠɪᴛʏ: ᴇxᴛʀᴀᴄᴛɪᴏɴ ᴏғ ʀᴀᴡ ᴍᴀᴛᴇʀɪᴀʟs (ᴘʀɪᴍᴀʀʏ), ᴍᴀɴᴜғᴀᴄᴛᴜʀɪɴɢ (sᴇᴄᴏɴᴅᴀʀʏ), ᴀɴᴅ sᴇʀᴠɪᴄᴇ ɪɴᴅᴜsᴛʀɪᴇs ᴡʜɪᴄʜ ᴇxɪsᴛ ᴛᴏ ғᴀᴄɪʟɪᴛᴀᴛᴇ ᴛʜᴇ ᴛʀᴀɴsᴘᴏʀᴛ, ᴅɪsᴛʀɪʙᴜᴛɪᴏɴ ᴀɴᴅ sᴀʟᴇ ᴏғ ɢᴏᴏᴅs ᴘʀᴏᴅᴜᴄᴇᴅ ɪɴ ᴛʜᴇ sᴇᴄᴏɴᴅᴀʀʏ sᴇᴄᴛᴏʀ (ᴛᴇʀᴛɪᴀʀʏ).
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