What is an economic activity
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Posted by Ankit Chøudhary 5 years, 9 months ago
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Yogita Ingle 5 years, 9 months ago
The different activities that people carry out to create goods and services, which contribute towards the national income, are called economic activities.
Economic activities can be classified based on their nature and purpose. Based on their nature the economic activities can be classified into three sectors: primary sector, secondary sector and tertiary sector. Based on their purpose, economic activities can be classified as market activities and non-market activities.
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