Types of Human Activities and Economic Objectives

Front

What are the two main types of human activities?

Back

Economic and Non-Economic

Front

What are the three sectors of economic activities?

Back

Primary, Secondary, and Tertiary

Front

What is included in the Primary sector?

Back

Extractive activities such as agriculture and mining.

Front

What is included in the Secondary sector?

Back

Manufacturing and processing industries.

Front

What is included in the Tertiary sector?

Back

Services such as transport, advertising, and banking.

Front

What are the characteristics of business?

Back

Profit earning, uncertainty of return, and element of risk.

Front

What are the economic objectives of a business?

Back

Survival, profit, and growth.

Front

What are some social objectives of a business?

Back

Supply of quality products, avoidance of unfair trade practices, and employment generation.

Front

What is the role of profit in business?

Back

Survival, expansion, and growth.

Front

What are some aids to trade?

Back

Transport, advertising, communication, insurance, and banking.