state the different types of economics activities?
Answers
Answer :
Different types of economic activities are -
•Primary sector- farming, mining, fishing, foresting, animal husbandry flower cultivation, etc.
•Secondary sector- construction work, manufacturing, tailoring, working in industry like working in match factory etc.
•Tertiary sector-banking, transportation, communication, financing, courier, astronaut, etc
Explanation:
Hope it helps you :)
Economic activities are the activities which contribute to the flow of goods and services in an economy.
Primary sector, secondary sector and tertiary sector are the different economic sectors
1. Primary sector- It includes those activities which are closely related to man's natural environment. This sector forms the base for all other sectors.
For e.g. gathering, hunting, fishing etc.
Secondary sector- It includes the occupations which produce finished goods by using the products of primary sector as raw materials. It is also known as manufacturing sector. For e.g manufacturing of cloth from cotton, sugar from sugarcane etc.
Tertiary sector- It helps in the development of primary and secondary sector. This sector, by themselves, do not produce a good, but they are a support for the production process.So it is also known as support sector.For e.g. transport, communication, etc.