Extraction is an example of tertiary activity true / false
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Answer:Extraction is an example of tertiary activity
This STATEMENT is False
Explanation:bcz Extraction is an example of Primary Activity
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False.
Extraction is considered a secondary activity, not a tertiary activity.
- Tertiary activities are the service sector industries that support primary and secondary industries. They involve the provision of services to individuals, businesses, and government entities.
- Examples of tertiary activities include banking, healthcare, education, transportation, hospitality, retail, and professional services such as accounting, consulting, and legal services.
- These activities are crucial for the growth and development of an economy as they generate employment and contribute to the Gross Domestic Product (GDP).
- Tertiary activities typically require highly skilled labour and are largely knowledge-based.
- They are also becoming increasingly important in modern economies as services continue to play a larger role in economic activity.
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