Economic activities refer to all the actions and processes related to production, distribution, and consumption of goods and services within an economy. These activities can include farming, manufacturing, trade, tourism, etc.
Related terms
Primary Sector: The primary sector includes economic activities directly involving natural resources extraction like agriculture and mining.
Secondary Sector: The secondary sector encompasses economic activities involved in processing raw materials into finished products like manufacturing industries.
Tertiary Sector: The tertiary sector involves providing services rather than producing tangible goods like education, healthcare, retailing.