Identify the various economic activities of the people around you are engaged in.
Answers
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- BUSSINES
- PROFFESION
- EMPLOYMENT
The term economic activity involves production and selling of goods for monetary transactions. Primary sector jobs involve physical resources which are dug, garnered, trawled, collected or extracted. These products serve to be the raw materials for other major industries.
Next is the manufacturing industry which transforms these raw materials into value added goods because it involves lots of intelligence and mechanism for release of the end product. Next sector is the tertiary sector which trades from the information and services rather than production and manufacturing.
Intellectual sector in the economy is built based on the logical activity of humans and the transference or flow of knowledge. Quinary sector in the economy comprise of all non-governmental or voluntary organizations.