All about Four Types of Economic Activities -NCERT
Four Types of Economic Activities
As we know there lot types of economies such as mixed economic systems,traditional economic system
India,our country comes under mixed economies
So today we will discuss some of activities and their factors of production so that they can produce goods and services in order to meet our market systems
In this activity all resources are obtain from natural source .it is traditional systems due to which any market economy is surviving
Such as Hunting, forestry, fishing, animal husbandry, farming, gathering, obtaining mineral from planet earth crust etc are some examples of primary activities.
Because in these activites source material lies inside nature so that the individuals involved in them belong in the red-collar workers.
Secondary activities are those activities in which value is added to currently pre-existing goods or services by modifying their type by means of processing etc.
Manufacturing industries are part of the secondary activities
.for example commercial agriculture is also incorporated in secondary activities due to the usage of modern technology and hybrid seeds in cultivation to supply and demand.
The employees involved in secondary activities are known as blue collar workers.
Tertiary activities are those in which focus is on providing service to people of the country.
The examples of tertiary activities are The person as well as business services for instance clerks, barbers etc. are comes under tertiary services providers.
Individuals / business involved in these tasks are known as pink collar workers.
The quaternary services which are present in the environment that are special belong in the quaternary services.
For example , health services which are offered into hospitals,
hospitality expert services are offered in hotels, training service is provided into institutors and school, entertainment professional services are offered into theatres, software services are provided over computers or internet.
The personnel involved in such services are known as white collar workers.
Researchers, professional consultants, financial advisors, legal consultants, software personnel etc. are white collar workers. To sum things up, Quaternary activities are created from of services, with particular knowledge, specialized expertise, and competence of administration or