Question

What is economic activity ? explain its types with examples​

Answer 1

Economic activity is the activity of making, providing, purchasing, or selling goods or services. ... Employees working in a factory and receiving wages, for example, are performing economic activities. Their employers are also economically active because they pay the workers and make and sell goods.

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Answer 2

What is economic activity ?

An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.

Explain its types

Four Types of Economic Activities

• Primary activities
• Secondary Activities.
• .Tertiary activities.
• Quaternary services.

Examples....

The primary sector of an economy mostly involves production or extraction of raw material. Primary economic activities include agricultural activities (both commercial and subsistence), forestry, mining, grazing, quarrying, fishing, hunting as well as gathering

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