Activities that involve money or the exchange of products or services are economic activities. The three types of economic activities are.

Non-economic activity is an activity performed with the purpose of rendering services to others without any consideration to financial gain. Those activities which are initiated for personal content or to meet human sentiments are non-economic activities.

Economic and Non-Economic Activities

Economic activities refer to the production and exchange of goods and services for monetary gain. On the other hand, non-economic activities do not involve any monetary gain.

Examples of economic activities include agriculture, mining, manufacturing, transportation, trading, and banking. Non-economic activities include volunteering, charity work, and household chores.

Primary Economic Activity

Primary economic activities involve the extraction and production of raw materials from natural resources. These activities are the foundation of all other economic activities.

Examples of primary economic activities include:

- Agriculture: farming, fishing, and forestry
- Mining: extraction of minerals and metals from the earth
- Oil and Gas Extraction: extraction of crude oil and natural gas from the earth

Secondary Economic Activity

Secondary economic activities involve the processing and manufacturing of raw materials into finished products. These activities add value to the raw materials produced in primary economic activities.

Examples of secondary economic activities include:

- Manufacturing: production of goods in factories
- Construction: building and construction of structures
- Utilities: provision of services such as electricity, water supply, and waste management

Tertiary Economic Activity

Tertiary economic activities involve the provision of services to individuals and businesses. These activities do not involve the production of goods or raw materials.

Examples of tertiary economic activities include:

- Healthcare: provision of medical services
- Education: provision of education services
- Banking: provision of financial services

In conclusion, economic activities involve the production and exchange of goods and services for monetary gain, while non-economic activities do not involve any monetary gain. Primary economic activities involve the extraction and production of raw materials, secondary economic activities involve the processing and manufacturing of raw materials, and tertiary economic activities involve the provision of services.