Question

what are economic activities? explain.​

Answer 1

Economic activities are those activities which are related to making, providing, purchasing or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity.

For example,

▪ Primary sectors - These sectors help to provide raw materials from nature like farming, mining, fishing, forestry, grazing etc.

▪ Secondary sectors - These sectors manufacturing the raw materials to make a processed product like oil refining, food processing, cotton mills, pens, books etc.

▪ Tertiary sectors - These sectors provide us services like doctor, teacher, banking, transport etc.