Q2. What do you understand by economic activities ? Explain types of economic activities
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Economic activity: Activities that are related to the production and consumption of goods in return for money. The main motive is to earn money.
The economic activities are:
Primary activity: these are related to the extraction of natural resources.
Secondary activity: these are related to the processing of raw materials.
Tertiary activity: these are related to providing services.
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The activity done by a person to earn money and fulfill his\her needs . Example - teacher teaching in school, doctor treating patients.
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