Explain different types of economic activities.
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the activities that add value to the national income are called economic activities.
three types of activities are-
1.PRIMARY SECTOR comprises activities related to self employment.E.g.agriculture
2.SECONDARY SECTOR comprises activities related to production and manufacturing of small things.E.g.manufacturing
3.TERTIARY SECTOR comprises various new services.E.g.communication
three types of activities are-
1.PRIMARY SECTOR comprises activities related to self employment.E.g.agriculture
2.SECONDARY SECTOR comprises activities related to production and manufacturing of small things.E.g.manufacturing
3.TERTIARY SECTOR comprises various new services.E.g.communication
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Answer:
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.
Examples: agriculture, fishing, mining.
(ii)Secondary Activities: Activities which are concerned with the processing of natural resources are called secondary activities.
Examples: manufacturing of finished steel and baking of bread.
(iii)Tertiary Activities: It provide support to primary and secondary sectors through services.
Examples: advertising and banking.
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