Question

Explain the four essential economic activities

Answer 1

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Individuals engage in four essential economic activities: resource maintenance, production of goods and services, distribution of goods and services, and consumption of goods and services.

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Answer 2

Answer:

Five Categories of Economic Activity

Raw Materials and Primary Sector Jobs. Physical resources that are coaxed or extracted from the earth provide the basis for the primary sphere of economic activity. ...

Manufacturing and Industry. ...

The Service Industry. ...

The Intellectual Sector. ...

The Quinary Secto