Question
Describe four different groups/types of economic activities.
✓
Answer
Economic activities are broadly grouped as Primary activities, Secondary activities, Tertiary activities and Quaternary activities.
- Primary Activities: It refers to extraction/ utilisation of raw materials from the earth’s surface. These include hunting, gathering, pastoralism, fishing, forestry, mining and agriculture.
- Secondary 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.
- Tertiary Activities: It includes all kinds of services provided for the people such as education, health, trade and transport.
- Quaternary 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.
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