what is the meaning and types economic activities
Answers
Answer:
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.
The Quaternary Sector, which we also call the 'knowledge sector. '
Explanation:
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Answer:
Explanation:
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.
The Quaternary Sector, which we also call the 'knowledge sector. '