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What is meant by Economic activities? …

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What is meant by Economic activities? Describe the three types of activities.
  • 1 answers

Gaurav Seth 5 years, 2 months ago

 

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. 

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