A tertiary activity isa)farming.b)trading.c)weaving.d)hunting.Correct ...
Tertiary activities include both production and exchange. The production involves the ‘provision’ of services that are ‘consumed’.
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A tertiary activity isa)farming.b)trading.c)weaving.d)hunting.Correct ...
Tertiary Activity: Trading
Trading is the correct answer for the tertiary activity. Tertiary activities refer to those economic activities that involve the provision of services to others. These activities do not involve the direct extraction or production of goods, unlike primary and secondary activities. Instead, tertiary activities are focused on providing services to individuals, businesses, or the community.
Trading, also known as commerce or business, is a prime example of a tertiary activity. It involves the exchange of goods and services between buyers and sellers, often mediated by a market or a platform. Traders act as intermediaries between producers and consumers, facilitating the distribution of goods and ensuring their availability to the public.
Explanation:
Definition of Tertiary Activity:
- Tertiary activities are economic activities that involve the provision of services to others.
- These activities do not involve the direct extraction or production of goods.
- Tertiary activities focus on providing services to individuals, businesses, or the community.
Explanation of Trading:
- Trading is the exchange of goods and services between buyers and sellers.
- Traders act as intermediaries between producers and consumers.
- They facilitate the distribution of goods and ensure their availability to the public.
Characteristics of Trading as a Tertiary Activity:
- Trading involves the buying and selling of goods or services.
- It requires a market or a platform where buyers and sellers can interact.
- Traders play a crucial role in ensuring the smooth flow of goods from producers to consumers.
- They may engage in various types of trading, such as wholesale or retail trading.
- Trading contributes to the overall economic growth and development of a region or country.
Other Options:
- Farming: Farming is a primary activity that involves the cultivation of crops and the rearing of animals for food and other products.
- Weaving: Weaving can be considered as a secondary activity as it involves the production of textiles from raw materials like fibers or threads.
- Hunting: Hunting is primarily an activity associated with the extraction of resources from nature, making it a primary activity.
Conclusion:
Considering the definitions and characteristics of tertiary activities, it is evident that trading aligns with the concept. Trading involves the provision of services by facilitating the exchange of goods and services between buyers and sellers.