Question

Explain the different types of economics activities with examples.
(Explain Primary, Secondary and Tertiary activites)

Answer 1

Answer:

The primary, secondary and tertiary sectors represent various business types and the goods they produce and sell. It's easiest to think of them as a chain of production, from extracting the raw materials (primary) through manufacturing (secondary) and finally to servicing the end consumers (tertiary). Each sector relies on the others to function properly and efficiently within the economy. Under the three-sector economic theory, every job, in every industry, falls into one or more of these sector types.