Get a free home demo of LearnNext

Available for CBSE, ICSE and State Board syllabus.
Call our LearnNext Expert on 1800 419 1234 (tollfree)
OR submit details below for a call back


Sefali Mitra

Sep 21, 2014

Economic Activities

What are Economic Activities?



Aruna kumari Sripada

Economic activities can be categorized into three types, viz. primary, secondary and tertiary activities.
Primary Activities: Economic activities which are related to agriculture, poultry farming, fishing, horticulture, animal husbandry, mining, quarrying, etc. are called primary activities. Natural resources are just extracted (with little or no modification) in primary activities.
Secondary Activities: Manufacturing is called secondary activity. Natural resources are properly modified in secondary activity.
Tertiary Activity: Economic activities which support the primary and secondary activities are called tertiary activities. Banking, transport, finance and different types of services come under tertiary activities.

On the basis of production goal, economic activities are also divided into two types, viz. market activities and non-market activities.
Market Activities: When some product or service is produced to be sold in the market, it is called market activity.
Non-market Activities: When some product or service is produced for self-consumption, it is called non-market activity. If a farmer produces just enough to meet his family needs, then his activity is a non-market activity. Similarly, the work of a housewife is a non-market activity; because she is working for the benefit of her family members.
Like NextGurukul? Also explore our advanced self-learning solution LearnNext
Offered for classes 6-12, LearnNext is a popular self-learning solution for students who strive for excellence
Animated Video
All India
Test Series
Interactive Video
Best-in class

Join India's most happening

Educational community