What is the definition of tertiary economic activity?
Explanation: Tertiary economic activities are associated with the sale and exchange of manufactured products and raw materials. Examples of this include retail and marketing. In the past hundred years the majority of people living in the developed world have become associated with tertiary economic activities.
What are examples of tertiary economic activities?
Examples of tertiary industries may include:
- Telecommunication.
- Hospitality industry/tourism.
- Mass media.
- Healthcare/hospitals.
- Public health.
- Pharmacy.
- Information technology.
- Waste disposal.
What are tertiary activities explain with examples?
Tertiary activity consists of all service occupations. Transport, communication, trade, health, education and administration are important examples of tertiary activities. These tertiary activities help in the development of the primary and secondary sectors. So these are also known as support services.
What is considered a quaternary economic activity?
The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. Other definitions describe the quaternary sector as pure services. This may consist of the entertainment industry, to describe media, culture, and government.
What are the three examples of Quaternary economic activities?
Quaternary economic activities include activities such as software development, statistical work, and education and medical services.
What is an example of secondary economic activity?
Some examples of secondary industries are textile production, steel production, oil refining, food processing, aerospace manufacturing and consumer electronics. The automotive, brewing, energy, tobacco, ship-making and chemical industries are also secondary.
What are the three examples of secondary economic activities?
A few activities associated with the secondary sector include :
- Metal working and smelting.
- Automobile production.
- Textile production.
- Chemical and engineering industries.
- Aerospace manufacturing.
- Energy utilities, engineering.
- Construction and shipbuilding.
- Paper making.
What is an example of a secondary activity?
Industries which are involved in making more valuable and useful goods from the products of primary activites such as agriculture, forestry, fishing and mining are called secondary activities. Manufacturing of cloth from cotton; sugar from sugarcane etc. are the examples of secondary activities.
What best describes the secondary economic activities?
Answer: the secondary sector of the economy is an economic sector in the three-sector theory which describes the role of manufacturing. It encompasses the industries which produce a finished, usable product or are involved in construction.
Where is secondary economic activity?
The secondary sector of the economy produces finished goods from the raw materials extracted by the primary economy. All manufacturing, processing, and construction jobs lie within this sector.
Which of the following is the best example of a secondary economic activity?
Examples of secondary economic activities are: steel making from a combination of minerals, Milk production from pastoral farming, textile production from cotton farming, furniture production from logging. Manufacturing and processing industries are included in this phase of the production process.
What is a secondary activity?
A secondary activities is an activity performed by a unit in addition to its principal activity. The result of a secondary activity is called secondary production.
Which of the following is a secondary sector activity?
The Secondary sector includes the following activities:- • Manufacturing, Electricity, Gas, Water Supply and Other Utility Services, • Construction.
What is the difference between primary and secondary activities?
(i) Primary activities include activities, such as hunting, fishing, mining, agriculture. (i) Secondary activities include manufacturing and constructions. (ii)These activities concerned with are obtaining materials directly from nature. For example, fish from water or wood from trees.
What is secondary economic activity mean?
Definition: Secondary Economic Activity is when natural resources are manufactured ,refined and processed to produce the finished goods. Activities involved in the secondary include metal working , smelting ,textile production , chemical production and engineering.
What is the difference between primary activity and tertiary activity?
Primary activities are those activities that which involve exploitation of natural resources. It is the base for production of other goods that is it provides raw materials. Example: Agriculture, mining, animal husbandry. Tertiary activities are those activities that provide services to the people.
What is the difference between primary secondary and tertiary sectors of the economy?
The agricultural and allied sector services are known as the Primary Sector. The manufacturing sector is known as the Secondary Sector. The service sector is known as the Tertiary Sector. Raw materials for goods and services are provided for the Primary Sector.
What is the difference between primary secondary and tertiary economic activities?
The primary sector gathers the raw materials, the secondary sector puts the raw materials to use, and the tertiary sector sells and supports the activities of the other two.
What are the primary secondary and tertiary activities?
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).