What is an economic activity? What are the different types of economic activities?

Open in App

Solution

Economic activity: Activities that are related to the production and consumption of goods in return for money. The main motive is to earn money.
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.

Suggest Corrections

Similar questions

What is the difference between economic activities and non-economic activities?

State the different types of economic activities.

Join BYJU'S Learning Program