Economic
activity
Activities that involves the production,
distribution and consumption of commodities can be defined as economic
activity.
Classification
of economic activity
(1)Primary production-Involves
root level works such as hunting animals, gathering wild barriers, extracting
minerals from the earth, fishing from river etc. Done by ‘Red collar’ workers
(2)Secondary production-Involves
commercial activities in organized way. Such activities includes- manufacturing
and commercial agriculture. Done by ‘Blue collar’ workers
(3)Tertiary production-Involves
the service sector rather than tangible goods. This includes a range of
personal and business service such as- retail clerk, barbers, Retail clerks,
beauticians. Done by ‘Pink collar’ workers.
(4)Quaternary services- Involves
professional and administrative services i.e. financial work, teaching,
government service etc. in short, activities of management level people. All of
these activities occur in office building environments. Done by ‘white collar’
(5)Quinary activities- Involves
the activities of top level management of any organization. Top level includes-
chairmen, ceo, executives, board of directors etc. They are called ‘gold
collar’ worker.
