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| 1. |
Different types of economic activities |
| Answer» Economic activities are broadly grouped as Primary activities, Secondary activities, Tertiary activities and Quaternary activities.\tPrimary Activities: It refers to extraction/utilisation of raw materials from the earth\'s surface. These include hunting, gathering, pastoralism, fishing, forestry, mining and agriculture.\tSecondary Activities: It includes industries that transform raw materials into finished foods having higher value. For example, manufacturing cotton textiles from raw cotton, and iron and steel from iron ore.\tTertiary Activities: It includes all kinds of services provided for the people such as education, health, trade and transport.\tQuaternary Activities: It represents special kind of services, which is related to highly intellectual activities. For example, research and development service, information generation, information processing and transmission. | |