Question

State the major and fundamental economic activities.

Answer 1

1. Primary Economic Activity:

1. Originated from the forest.
2. Hunting, Grecizing.

2. Secondary Economic Activity:

1. Changes raw material into usable products through processing and manufacturing.
2. Bakery industries.

3. Tertiary Economic Activity:

1. Provides essential services and supports industries to function.
2. Education, medical.

4. Quaternary Economic Activity:

1. Creation and transfer of information, including research and training.
2. Program telecasted on T.V.

5. Quinary Economic Activity:

1. High-level decision-making process by executives.
2. Top executives, Judiciary.