Question

what are economic activities ?
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Answer 1

Answer:

Economic activity is an activity of providing, making, buying or selling commodities or services by people to satisfy day-to-day needs of life. Any activity that includes manufacturing, distributing or utilising products or services.

Five Categories of Economic Activity

1. Raw Materials and Primary Sector Jobs. Physical resources that are coaxed or extracted from the earth provide the basis for the primary sphere of economic activity.

2. Manufacturing and Industry.

3. The Service Industry.

4. The Intellectual Sector.

5. The Quinary Sector.

Explanation:

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Answer 2

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An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.

Explanation:

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