Write a short note on the types of economic activities. Give examples.
Write a short note on the types of economic activities. Give examples.
The three types of economic activities are primary, secondary, and tertiary.
Primary Activities: Activities which involve direct extraction and production of natural resources are called primary activities.
Examples: agriculture, fishing, mining.
Secondary Activities: Activities which are concerned with the processing of natural resources are called secondary activities.
Examples: manufacturing of finished products.
Tertiary Activities: Activities which fall neither in the primary category nor the second category are called tertiary activities. They form support to primary and secondary activities.
Examples: selling goods, advertising, and banking.
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