Question

How are economic activities being classified?explain them?
brief answer please ​

Answer 1

Explanation:

Economic activities are broadly grouped into primary, secondary, tertiary activities. Higher services under tertiary activities are again classified into quaternary and quinary activities.

Primary activities are directly dependent on the environment as these refer to utilisation of earth’s resources such as land, water, vegetation, building materials and minerals. It, thus includes hunting and gathering, pastoral activities, fishing, forestry, agriculture, and mining and quarrying.

Secondary activities add value to natural resources by transforming raw materials into valuable products. Secondary activities, therefore, are concerned with manufacturing, processing and construction (infrastructure) industries.

Tertiary activities include both production and exchange. The production involves the ‘provision’ of services that are ‘consumed. Exchange involves trade, transport and communication facilities that are used to overcome distance.

Answer 2

Answer:

There are 3 types of economic activities.

Explanation:

1.Primary - They are related to production and extraction of natural resources

2. Secondary- They are related to processing of these natural resources.

3.Tertiary- They provide support to primary and secondary activities through services.