what are the three economic activity ?explain.
Answers
Consumption, saving, and investment are variable components in the economy that determine macroeconomic equilibrium. There are three main sectors of economic activity: primary, secondary, and tertiary.
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Heya dear
The answer is here
♢ Different types of economic activities are given below
1 ) Primary activities - The activities which includes the production of basic foods and raw materials
☆ Activities include in this are like agriculture, forestry, fishing etc
2 ) Secondary Sector - This sector was related to the manufacturing and production of the raw materials and products
☆ In other words , it is known as Processing of raw materials . All industries fall into it .
3 ) Tertiary Sector - This includes services so called as service sector
☆ The tertiary industry is the segment of the economy that provides services to its consumers, including a wide range of businesses .
Question
Explain different types of economic activities.
Answer
1 ) Business
2 ) Profression
3 ) Employment
Example of Business = Cloth business , Sales and Textile Business
Example of Profression = Doctor, Artist etc
Example of Employment = Jobs in the private and public sector
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