Question

What are the economic activities based on occupation?
A) organised and unorganized sector
B) primary, secondary and tertiary sector

Answer 1

Every person is engaged in some kind of occupation in order to earn one's living. An entrepreneur runs a factory, a trader sells goods, a banker lends money, a transporter carries goods etc., all these activities are related to business. These activities are undertaken to earn a profit or a living out of them.