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Which one of the following is an economic activity in which specialized knowledge is required?
  • a)
    Profession
  • b)
    Business
  • c)
    Employment
  • d)
    None of the options
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which one of the following is an economic activity in which specialize...
Profession requires specialized knowledge as an economic activity. Examples can be teacher, doctor, advocate and many more.
This question is part of UPSC exam. View all Commerce courses
Most Upvoted Answer
Which one of the following is an economic activity in which specialize...
Profession requires specialized knowledge example- doctor, engineer, teacher, advocate etc.
Community Answer
Which one of the following is an economic activity in which specialize...
Economic activities can be broadly classified into three categories - primary, secondary, and tertiary. Primary activities involve the extraction of natural resources, secondary activities involve the processing and manufacturing of goods, and tertiary activities involve the provision of services.

One type of economic activity that falls under the tertiary sector is a profession. A profession refers to an occupation that requires specialized knowledge and skills acquired through education and training. Some examples of professions include doctors, lawyers, engineers, architects, and accountants.

Here are some reasons why specialized knowledge is required in a profession:

1. Complexity: Professions involve complex tasks that require specialized knowledge, skills, and expertise. For example, a doctor needs to have a deep understanding of anatomy, physiology, and pharmacology to diagnose and treat patients.

2. Safety: Professions often deal with matters of safety and public interest. For example, an engineer needs to ensure that a building or bridge is constructed safely and meets all the necessary regulations and codes.

3. Ethics: Professions have ethical codes of conduct that require practitioners to act in the best interests of their clients or the public. For example, lawyers have a duty to maintain confidentiality and act in the best interests of their clients.

In conclusion, a profession is an economic activity that requires specialized knowledge because of the complexity, safety, and ethical considerations involved in the work.
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Which one of the following is an economic activity in which specialized knowledge is required?a)Professionb)Businessc)Employmentd)None of the optionsCorrect answer is option 'A'. Can you explain this answer?
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