Basic Economic Entities in an Economy — Practice Quiz
ICSE · Class 9 · Economics
Try a 4-question quiz on Basic Economic Entities in an Economy for ICSE Class 9 Economics: tap an answer to check it and see why.
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Quick Quiz: Basic Economic Entities in an Economy
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What is an economy?
On the basis of economic activities, an economy is broadly classified into how many main sectors?
What are goods produced by the primary sector called?
What are goods produced by the secondary sector called?
Sample Questions
Which are the two main functions of an economy?
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To produce goods and services, To provide employment or income earning opportunities
An economy mainly produces goods and services and also provides employment or income earning opportunities to people.
Which activities belong to the primary sector?
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Agriculture, Fishing
Primary sector activities are based directly on natural resources, such as agriculture and fishing.
Which of the following are secondary sector activities?
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Manufacturing industries, Construction, Utilities
The secondary sector includes manufacturing industries, construction, and utilities.
Which sector is also called the service sector?
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Tertiary sector
The tertiary sector provides services rather than goods, so it is called the service sector.
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