Question

what is economic activity? explain it's types with example
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Answer 1

Explanation:

The economic activities are: Primary activity: these are related to the extraction of natural resources. Secondary activity: these are related to the processing of raw materials. Tertiary activity: these are related to providing services.

Four Types of Economic Activities

Primary activities.

Secondary Activities.

Tertiary activities.

Quaternary services.

Answer 2

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. ... Employees working in a factory and receiving wages, for example, are performing economic activities.