Question

Three categories of economic activities included in the business service sector of the economy include

Answer 1

This sector is composed of quite a few activities. Some that may come to mind are the production and marketing of goods, advertising, warehousing, insurance, banking, and the purchase and sale of goods and services. This sector is about creating a good or service in order to earn profit.

Answer 2

Answer:

1. Production

2. Distribution

3. Consumption

Explanation:

Economic Activity is a process carried out in the economic field and carried out by humans to obtain goods / services or generate income for their daily needs. Economic activities consist of 3 types, namely Production, Distribution, and Consumption.

1. Production is an activity that produces goods or services. The production of goods is the activity of increasing the usefulness of objects by changing their nature and shape, for example making food, making industrial goods, and others.

2. Distribution is an activity of distributing goods from producers to consumers. The body or person who does this is called a distributor. Without distributors, goods from producers will be difficult to reach consumers.

3. Consumption is an activity to use or spend goods / services to meet the needs or survival. Perpetrators who carry out consumption activities are referred to as consumers. The most simple example of perpetrators of consumption activities is ourselves.

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Keywords

- Economic Activities