State & explain the difference type of economic activities
Answers
Answered by
1
Answer:
Economic activities are also known as ‘occupations’. Economic activities or occupations may be classified into three broad categories as follows: 1. Business: Business includes all those economic activities which are concerned with the production and exchange of goods or services with the object of earning profits.
Answered by
1
Answer:
Explanation:
The three types of economic activities are described below: (i)Primary Activities: Primary activities include all those connected with extraction and production of natural resources. ... (ii)Secondary Activities: Activities which are concerned with the processing of natural resources are called secondary activities.
Similar questions