What are the different types of economic activity?

The following are the common types of economic activity. The creation of goods. This occurs at several different levels known as economic sectors: The production of raw materials. Agriculture, fishing, mining and forestry. The production of finished products. Manufacturing of technology, fast moving consumer goods, furniture, vehicles and clothing.

What is a secondary economic activity?

So anything that gets created in factories, from processed foods to clothes, belongs to the secondary economic activities. One thing that also gets included in these activities often is commercial farming. This activity uses hybrid seeds and modern technology, which would place it in this category, rather than the previous one.

What is economic activity?

Definition and examples Economic Activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.