ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Choose the correct examples of a tertiary activity.
A
truck driver, doctor, store clerk, restaurant
B
manufacturing and construction
C
mining, agriculture, fishing
D
research and data processing
Explanation: 

Detailed explanation-1: -Tertiary activity by itself does not produce goods, but supports the production process. For example: Transport, communication, banking, storage and trade. Agriculture is a primary activity and manufacturing is a secondary activity.

Detailed explanation-2: -Tertiary Economic Activities: Consist of those businesses and labor specialization that provide services to the general community. They include professionals such as teachers & professors, lawyers, medical officers, clerical and personnel services. Others include professions such as postal services and music. 4.

Detailed explanation-3: -Explanation: Tertiary economic activities include anything that has to do with the sale or exchange of goods. Retail, or the business of selling things, is one of the biggest areas of tertiary economic activity. Other examples include cab driving, real estate, and entertainment.

Detailed explanation-4: -Common examples of primary economic activities include agricultural and animal products, forestry and logging, mining, oil, and gas extraction.

There is 1 question to complete.