Economic Activities

Activities which provides us income in return are known as economic activities,

The economic activities can be divided into three sectors- primary sector, secondary sector and tertiary sector.

PRIMARY SECTOR:

When the economic activity depends mainly on exploitation of natural resources then that activity comes under the primary sector. Agriculture and agriculture related activities are the primary sectors of economy.

SECONDARY SECTOR:

When the main activity involves manufacturing then it is the secondary sector. All industrial production where physical goods are produced come under the secondary sector.

TERTIARY SECTOR:

When the activity involves providing intangible goods like services then this is part of the tertiary sector. Financial services, management consultancy, telephony and IT are good examples of service sector.