Thwr are the different types of economic actvities
Answers
Answer:
The various activities have been classified into three main sectors i.e., primary, secondary and tertiary.
Primary sector includes agriculture, forestry, animal husbandry, fishing, poultry farming, mining and quarrying.
Manufacturing is included in the secondary sector.
Trade, transport, communication, banking, education, health, tourism, services, insurance, etc. are included in the tertiary sector.
The activities in tertiary sector result in the production of goods and services. These activities add value to the national income. These activities are called economic activities.
Economic activities have two parts — market activities and non-market activities.
Market activities involve remuneration to anyone who performs i.e., activity performed for pay or profit. These include production of goods or services, including government service.
Non-market activities are the production for self-consumption. These can be consumption and processing of primary product and own account production of fixed assets.
Explanation: