ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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primary economic activities
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quaternary economic activities
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quinary economic activities
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tertiary economic activities
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Detailed explanation-1: -The four essential economic activities are resource management, the production of goods and services, the distribution of goods and services, and the consumption of goods and services.
Detailed explanation-2: -A post-industrial economy is a period of growth within an industrialized economy or nation in which the relative importance of manufacturing reduces and that of services, information, and research grows.
Detailed explanation-3: -The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient.