Service and trade fall under which type of economic activities?
Tertiary
Economic activities are broadly classified into primary, secondary, tertiary and quaternary sectors.
Primary activities involve extraction of natural resources like farming and mining, while secondary activities involve manufacturing and processing of goods.
Tertiary activities are service-based and support the primary and secondary sectors, and they include trade, transport, banking, communication and other services.
Since services and trade do not produce goods but provide support and exchange, they belong to the tertiary sector.
Hence, service and trade fall under tertiary economic activities.
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