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Explain the basic economic activities.

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1. Primary economic activity :

  • These are the economic activitie
  • It includes the activities such as, forestry, grazing, hunting, food gathering, fishing, agriculture, mining, and quarrying.

2. Secondary economic activity :

  • Secondary activities are those that change raw materials into usable products through processing and manufacturing.
  • Bakeries that make flour into bread and factories that change metals and plastics into vehicles are examples of secondary activities.

3. Tertiary economic activity :

  • Tertiary economic activities are those that provide essential serv ices and support the industries to function.
  • Often it is called service industries, which includes transportation, finance, utilities, education etc. Tertiary activity is further sub divided into Quaternary and Quinary activities.
  • Quaternary activities are associated with the creation and transfer of information, including research and training.
  • Quinary activity refer to the high level decision making processes by executives in industries, business, education, and government.

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