Economic Activities and Industries Quiz

Industry and Economic Activity

• The secondary industry is related to the manufacturing of goods.
• An economic activity is defined as the production, distribution, and exchange of goods and services.

Business and Commerce

• The primary aim of a business is to earn profit.
• Commerce is related to the exchange of goods and services on a large scale, involving trade and commerce.

Industry Types

• The primary industry does not require investments, as it utilizes natural resources.
• The tertiary industry is responsible for creating utilities, such as electricity, water, and sanitation.
• The primary industry is involved in cattle breeding, among other activities.
• The secondary industry is responsible for processing already produced materials.
• The tertiary industry is considered a synthetic industry, as it produces intangible goods and services.
• The tertiary industry is responsible for the flow of goods from producers to consumers, facilitating distribution and exchange.

Test your knowledge of economic activities, business aims, and different industries with this quiz. From understanding the primary aim of a business to identifying the industry related to manufacturing goods, this quiz covers a range of topics. Challenge yourself and see how well you know these key concepts in economics and commerce.