GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following terms below fit the definition? Def:One classical breakdown of economic activity that distinguish 5 different categories.
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The Economic Sectors
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The Human Development Index (HDI)
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Less Developed Countries (LDCs)
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Gender Inequality
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Explanation:
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: -There are four types of sector groupings in the economy: primary, secondary, tertiary, and quaternary.
Detailed explanation-3: -An economic activity takes place when resources such as capital goods, labour, manufacturing techniques or intermediary products are combined to produce specific goods or services. Thus, an economic activity is characterised by an input of resources, a production process and an output of products (goods or services).
There is 1 question to complete.