Question

types of economic activities

Answer 1

In terms of the national economy, a basic classification of economic sectors, broken into four basic sectors is used:

Raw Materials (Primary Sector)

Manufacturing and Industry (Secondary Sector)

Service Sector (Tertiary Sector)

Knowledge Sector (Quarternary Sector)

Answer 2

Answer:

Explanation:

Economists say there are four basic types of economic activities:

• The Primary Sector, i.e., raw materials.
• The Secondary Sector, which includes industry and manufacturing.
• The Tertiary Sector, i.e., services.
• The Quaternary Sector, which we also call the 'knowledge sector. '