What is economic activities ? What are the different types of economic activities.
Answers
Answer:
Economic activities are thoseactivities which add value to the national income. It has two types: market and non-market activities. Non-market activities; these activities are performed for self consumption. Theactivity of making (producing), purchasing or selling goods or services is referred as Economic Activity.
Explanation: Meaning ↓ Economic activities are related to production, distribution, exchange and consumption of goods and services. The primary aim of the economic activity is the production of goods and services with a view to make them available to consumer.
Economists say there are four basic types of economic activities: The Primary Sector, i.e., raw materials. The Secondary Sector, which includes industry and manufacturing. The Tertiary Sector, i.e., services.