Economic Activity

The term “economic activity” refers to any activity which produces a good or service. People earn a living by engaging in various economic activities. Though people engage in thousands of different economic activities around the world, they can all be classified into three major groups:

Primary Industry: These are industries which take natural resources from the earth. Because of this they are also called extractive industries. The products of some primary industries, such as fishing or agriculture, can be used as they are. The products of other primary industries, such as bauxite and crude oil, are used as raw materials for other industries.

Secondary Industry: These industries produce processed goods. Many take raw materials from primary industries and make them into products for sale. Examples of secondary industries include clothing manufacture and food processing. Secondary industries are also called manufacturing industries.

Tertiary Industry: These are industries which provide a service. Therefore they are known as service industries. They include the fire service, healthcare, tourism and retailing.

The CXC/CSEC syllabus requires you to study examples of each type of industry.

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