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What are economic activities
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What are economic activities Related: Classification of Industries, C...
The activities that add value to the national income are called economic activities.
The three types of economic activities are described below:
(i)Primary Activities: Primary activities include all those connected with extraction and production of natural resources. 
Examples: agriculture, fishing, mining.

(ii)Secondary Activities: Activities which are concerned with the processing of natural resources are called secondary activities. 
Examples: manufacturing of finished steel and baking of bread.

(iii)Tertiary Activities: It provide support to primary and secondary sectors through services. 

Examples: advertising and banking.
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What are economic activities Related: Classification of Industries, C...

Economic Activities:

Economic activities refer to the activities that contribute to the generation of income and wealth in an economy. These activities involve the production, distribution, and consumption of goods and services. Economic activities can be classified into three main categories: primary, secondary, and tertiary.

Primary Activities:
- Primary activities involve the extraction and production of raw materials from the natural environment. This includes activities such as agriculture, mining, fishing, and forestry.
- These activities are directly dependent on natural resources and play a crucial role in the economy.

Secondary Activities:
- Secondary activities involve the processing and manufacturing of raw materials into finished products. This includes activities such as manufacturing, construction, and energy production.
- These activities add value to the raw materials and contribute to the economy's industrial development.

Tertiary Activities:
- Tertiary activities involve the provision of services to individuals and businesses. This includes activities such as retail, transportation, banking, healthcare, and education.
- These activities play a significant role in the economy by facilitating the exchange of goods and services.

Importance of Economic Activities:
- Economic activities are essential for the growth and development of an economy. They create employment opportunities, generate income, and contribute to the overall prosperity of a nation.
- The different sectors of the economy are interdependent, with each sector relying on the others for its functioning.
- By diversifying economic activities, a country can reduce its dependence on a single sector and promote sustainable development.

In conclusion, economic activities are the foundation of any economy, driving growth, employment, and prosperity. Understanding the classification of industries helps us appreciate the diverse contributions of different sectors to the economy's overall well-being.
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What are economic activities Related: Classification of Industries, Chapter Notes, Class 8, SST
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