The transformation from a plant to a finished product involves three types of economic activities . Justify the given statemen
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(i) Primary Activities: Primary activities include all those connected with extraction and production of natural resources. Examples: agriculture, fishing, mining.
(ii)Secondary Activities: Activities which are concerned with the processing of natural resources are called secondary activities. Examples: manufacturing of finished steel and baking of bread.
(iii) Tertiary Activities: It provide support to primary and secondary sectors through services. Examples: advertising and banking.
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The three types of economic activities are:
- Primary: Activities involving extraction of raw materials. Example: Agriculture
- Secondary: Activities involving manufacturing of the raw materials. Example: Manufacturing
- Tertiary: Activities involving services and distribution of final goods. Example: transportation
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