Economic activity involves the production, distribution, and consumption of goods and services. It includes activities like agriculture, mining, industry, manufacturing, construction, and services. The document further explains the primary, secondary, tertiary, quaternary, and quinary sectors of the economy. The primary sector involves agriculture and mining. The secondary sector includes industry and manufacturing. The tertiary sector covers services. The quaternary sector represents knowledge-based activities like research and development. The quinary sector involves top-level decision makers like politicians and executives.

3. Definition
Actions that involve the production, distribution and
consumption of goods and services at all levels within
a society.
Gross domestic product or GDP is one way of
assessing economic activity, and the degree of
current economic activity and forecasts for its future
level can significantly impact business activity and
profits, as well as inflation and interest rates.

4. Economic activity is the activity of making,
providing, purchasing, or selling goods or services.
Any action that involves producing, distributing, or
consuming products or services is an economic
activity. ...
Additionally, any activities involving money or the
exchange of products or services are economic
activities.

5. In this the primary activities of the economy are
included which have a direct connection to the
environment like:
(a) agriculture and allied activities which includes
activities like hunting, fishing, dairy sector, pastoral
activities, vegetation land and water
(b) mining and quarrying which includes oil extraction,
coal mining etc.
People involved in the primary activities of an
economy are also termed as red collar workers due
to their association with activities of outdoor nature.

11. In the Second sector of the economy, activities
related to;
• industry,
• construction,
• manufacturing,
• processing & infrastructure activities of the
economy are covered.
People involved in the secondary sectors of the
economy are termed as blue collar workers of
the economy. This sector was the main driver
of economic progress

18. In this sector of the economy, services are
included which may include varied services
like banking, communication, education,
transport, trade, hospitals, consultancy, online
consultation etc.
This forms the majority of the World GDP
(around 66 percent). People employed in
such services are known as White Collar
workers.

20. Quaternary Sector of Economy also known as Knowledge
Sector
Quaternary sector of the economy represents the knowledge
portion of the economy. This is said to be a sub classification
of the tertiary sector which includes activities like technological
development, R&D etc. This sector is basically involved in
domains which are given the responsibility of improving the
quality of services offered in the economy.
They may include High Quality Education, Software
Developers, Statisticians, Brokerage and Accounting Firms
etc.

21. Quinary Sector of Economy
This is yet another subdivision of tertiary sector which is also
known by the name of gold collar profession. In this top level
decision makers of the economy are present. These top level
decision makers focus on the creation, re-arrangement and
interpretation of new and existing ideas; data interpretation and
the use and evaluation of new technologies.
Their number in the economy may be minute but their impact on
the economy is huge as they include personnel like politicians,
bureaucrats, top business executives, financial experts etc.

24. 1.Explain the economic Activities with examples.
2.What is difference between Quaternary and
Quinary sectors of economy?
3.Describe the impact of information Technology
on commercial activities.
•On agriculture
•Business & Industry
•Banking System
•Manufacturing