Question

the nature of economic activity is divided in how many parts.

Answer 1

Explanation:

Consumption, saving, and investment are variable components in the economy that determine macroeconomic equilibrium. There are three main sectors of economic activity: primary, secondary, and tertiary

Answer 2

The nature of the economic activity is divided into four parts:

i. Primary Sector

ii. Secondary Sector

iii. Tertiary Sector

iv. Quaternary Sector.

Explanation:

• The economy consists of a number of activities like manufacturing, purchasing, buying and selling of goods and services and many other activities.  

• The economy is divided into four parts. The primary sector is involved with the purchasing of raw materials.

• The secondary sector is involved in industry and manufacturing. The tertiary sector consists of services for the ‘primary and secondary sector’ and the quaternary sector is technological or the knowledge sector.

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