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What are the four levels of economic activity and give two examples of each level?
Wiki User
∙ 9y ago
The four types of economic activity, and some examples of each, are listed below.
1) Primary Activity - This is the extractive sector of an economy, such as mining or agriculture. It is in this activity that workers come into direct contact with the environment. It is often considered the most basic level of economic activity.
2) Secondary Activity - This is the activity that involves the manufacture of raw materials into finished industrial products. A canning factory or lumber yard are examples.
3) Tertiary Activity - This is service-based economic activity. This includes areas such as education, retail, finance, and government work.
4) Quaternary Activity - This involves the collection and manipulation of information. This is the most recent form of economic activity, and it is based on the development of technology.
Wiki User
∙ 9y ago
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What are examples of the first level of economic activity?
puting things together on earth eg farming.fishing.minimg.
What does fiscal policy involve in?
Fiscal policy involves the Government changing the levels of Taxation and Govt Spending in order to influence Aggregate Demand (AD) and therefore the level of economic activity.
What term means a temporary decline in economic activity or prosperity?
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
How may saving influence economic activity?
savings in an economy impact the level of investment in the economy. if the households save more, then this will lead to capital formation in the economy which will boost the economic situation of the nation.
What are examples of the first level of economic activity?
puting things together on earth eg farming.fishing.minimg.
What are activity levels?
Second level activities are activities that have to do with manufacturing.
What is the word that describes a severe downturn in the level of economic activity?
The Present
What does fiscal policy involve in?
Fiscal policy involves the Government changing the levels of Taxation and Govt Spending in order to influence Aggregate Demand (AD) and therefore the level of economic activity.
The term that describes a modest downturn in the level of economic activity is?
recession A+ Class
What term means a temporary decline in economic activity or prosperity?
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
What happens as the level of activity decrease within the relevant range?
Although fixed cost per unit decreases with increases in activity levels, total fixed cost is not affected by changes in the activity level within the relevant range.
How do you measure if a child's activity level is vigorous?
measuring vigorous activity levels depends on the age of the child. Vigorous activity for a toddler is different than for a seven year old.
An ecosystem can be characterized as?
Healthy ecosystems can also be characterized in economic, social, and humanhealth terms. Healthy ecosystems support a certain level of economic activity
What are biological levels?
well biological levels are those levels on which livings are constructed just like examples are sub atomic particle level 1 atom level 2 molecules level 3 organells level 4 cell level5 muscles level 6 organ level 7 organism level 8
What are the 3 levels of management and what are some examples of job titles?
what are tree level of mangement and example
What is the name of the flow that measures the general level of economic activity in a countries economy?
Gross domestic product or GDP.
