Economic activities are those efforts or actions that involve production, distribution and consumption of commodities and services at all levels within a region.
Types of Economic Activities
Primary Activities pertain to the extraction of raw materials from the earth's surface. For example: food gathering, hunting, lumbering, fishing, cattle rearing, mining and agriculture.
Secondary Activities transform raw materials into finished goods. For example: Iron and Steel industries, automobile manufacturing etc.
Activities which by themselves do not produce goods, but support the process of production are called tertiary activities. For example: Transport, communication, banking, storage and trade.
The activities related to Research and Development, as well as knowledge are called Quaternary activities. For e.g. Services like consultation, education and banking
The activities that focus on the creation, rearrangement and interpretation of new and existing ideas are called quinary activities. It includes the highest levels of decision making in a society or economy. E.g.: Senior business executives, scientists and policy makers in the Government.