Economic activity and evaluation of economic activity

1. Concept and Classification
of Economic Activities

2. Concept of economic activities
Economic activity is a processes, that involves production, exchange and
consumption of resources.
Economic activities exist at all levels within a society, it is a part of society
Social activity and economic activity are interconnected.
Nature of economic activity changes over time within a society
Example: Agricultural activity, Industries, trade and commerce

3. Evolution of human society
Human group Geological period Activities
Egyptopithecus Oligocene
Ancestor of Ape, Lived in forest
Dryopithecus Miocene
Ramapithecus Miocene Ancestor of human, Food collected form forest
Australopithecus Pliocene Food gatherer mainly Fruits, leaves etc.
Homo Hebilis Pleistocene Food gatherer and Palaeolithic period
Homo Erectus Pleistocene
Hunt animals and used weapons made of stone
Neanderthal Pleistocene
Homo sapiens Holocene
Modern human, modern human civilization started
from here. Domestication of plant and animal

4. Evolution of
modern
human
society

5. Nature of Economic activities
 Evolving over time
Ex.- Hunter and Gatherer > Domestication of plant and animal > Industries
 Increasing utility of resources
 Develop a interconnection between nature and human society
 Main aim is human development

6. Classification of Economic activities
Economic
Activities
Production
Primary Secondary Tertiary Quaternary Quinary
Exchange Consumption

7. Classification of Economic activities
Primary activities
 Hunting, Food gathering, Domestication of plant and animal, Agriculture, Fishing,
Plant harvesting, Livestock farming, Mineral extraction from earth crust (Mining), etc.
 Domestication of plant and animal is the starting of primary activity
 It is very nature centric and land centric activity
 First activity of every human society
 Primary producers be labelled by Red Colour Worker

8. Secondary activity
 Secondary activity increase the value of commodities by changing their forms (Manufacturing)
 Manufacturing industries and Commercial agriculture
 Maximum energy resources use in this sector
 Called Blue Colour Worker
Tertiary activity
 Tertiary activity involve the service sector rather then the tangible good
 Develop interconnection between different sectors
 Manly service activity- Trade and commerce, banking, transport, services etc.

9. Quaternary activity
 Quaternary activity mainly service base activity, it represent special type of service work ,like-
administrative and professional services.
 All quaternary activity occurs in office building environments.
 This group white colour work force
Quinary Activity
High-level managerial and executive administrative positions (public and private)
Scientific research and development services, Consultant
Quinary workers are called Think tank

10. Food
gatherer
Domestica
tion of
plant and
animal
Agricultur
e,
livestock
farming
Industries
Trade and
commerce
Service
sector
Think tank
service
Economic
activity
start
Primary
activity
Secondary
activity
Tertiary
activity
Quaternary
activity
Quinary
activity
Evaluation of economic activity over time
Evaluation of economic activity