Economic Activities Around Us — Important Questions

Teaching in schools, Repairing vehicles, Banking services

Teaching, repairing vehicles, and banking are all service activities (tertiary sector). Fishing is primary and making steel is secondary.

Converting milk into butter, Making furniture from wood, Construction of buildings

Converting milk to butter, making furniture, and construction all involve processing or transforming raw materials. Growing cotton is primary, and driving trucks is tertiary.

A group of people working together for economic benefit

A cooperative is a group of people who voluntarily come together to meet their economic and social needs, making collective decisions and sharing benefits.

True

Economic sectors are interdependent. For example, secondary sector needs raw materials from primary sector, and both need services from tertiary sector.