Question

What is an economic activity?
What is secondary industry? What is primary industry? Distinguish between
1) industry and commerce
2)employment and profession

Answer 1

Answer:

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. ... Additionally, any activities involving money or the exchange of products or services are economic activities.

Industry is concerned with the processing of materials and production of goods, whereas commerce is concerned with the distribution of those materials and goods. • Commerce is a broad term which conventionally includes trade and aids to trade. Trading is an activity of buying and selling.

A job” means a work for which one is regularly paid for example a waiter's job, a clerk's job etc. whereas “a profession” means a job that needs special training or skill, especially one that needs high level of education for example medical, legal, teaching profession. There are many jobs in each profession.

Explanation:

Answer 2

Answer:

economic activity- Activity of making, providing and purchasing or selling good services is called economic activities.

secondary activity- activities involved transforming of raw material into finished product