Economic Activities

What is economic activity? Economic activities are production processes that through the use of factors of production create goods and services to meet the needs of individuals in the economy.


Three sectors of the economy

The economic activity of a country can be classified into primary sector, secondary sector, and tertiary sector. Through these activities, we are able to extract resources, transform raw materials and offer services respectively.

what are economic activities?


What are the economic activities?

  • Primary economic sector: agriculture, breeding, forestry, fishery, hunting, and mining.
  • Secondary economic sector: manufacturing, construction, generation and distribution of clean water, electricity, and gas.
  • Tertiary economic sector: retail trade, real estate, governmental and judicial activities, insurance and financial services, health services, media, transportation and storage, educational services, hotels and restaurants, telecommunications.

more: economic activities



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