Economic Activities

                                       Economic Activities

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. ... Additionally, any activities involving money or the exchange of products or services are economic activities.

     

                                                

Types of economic activities : 

                                                       

                                         

Economists say there are four basic types of economic activities:

• The Primary Sector, i.e., raw materials.
• The Secondary Sector, which includes industry and manufacturing.
• The Tertiary Sector, i.e., services.
• The Quaternary Sector, which we also call the 'knowledge sector.

                             

How these  activties  are linked with each other :