2. SA-NC
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An economic activity takes place when resources such as capital
goods, labour, manufacturing techniques or intermediary products
are combined to produce specific goods or services. Thus, an
economic activity is characterised by an input of resources, a
production process and an output of products (goods or services)
3. Economic
Activity
Primary Industry
Secondary industry
Tertiary industry
Economic activity
Primary industries are those that harvest or extract raw
material from nature, such as agriculture, oil and gas
extraction, logging and forestry, mining, fishing, and
trapping.
it is this industry that converts the raw materials
provided by primary industry into commodities and
products for the consumer; manufacturing industry.
The tertiary industry is a technical
name for the services sector of the
economy, which encompasses a
wide range of businesses,
including financial institutions,
schools, hotels, and restaurants.
5. • Arable farming includes growing crops like wheat and barley instead of
growing vegetables and fruits or keeping animals.
• It is used to accomplish the rising demand of food. It can be performed
mainly in small scale, commercial or on large agricultural farms.
Arable Farming
• Pastoral farming is aimed at producing livestock, rather than growing
crops.
• Examples include dairy farming, raising beef cattle, and raising sheep for
wool.
Pastoral Farming
• Mixed farming is a type of farming which involves both the growing of
crops and the raising of livestock on the same field.
• For example, a mixed farm may grow cereal crops such as wheat or rye and
also keep cattle, sheep, pigs or poultry.
Mixed farming
Types of
Farming
6.
7. How to choose best site for
factory?
1. Availability of Raw Materials
Raw materials are the basic components of finished products.
This is one of the most important considerations when selecting
a factory location.
2. Proximity to Market
Every finished product needs to go to the market for consumer
consumption. Here also transportation overhead increases the
cost of the finished product.
3. Infrastructural Facilities
This is important in view of the fact that all supporting services
are required for the successful operation of the plant.
8. 4. Government Policy
The Government offers several incentives, concessions, tax
holidays for a few years, cheaper power supply, factory sheds,
etc., to attract the entrepreneurs to set up industries in less
developed and backward areas.
5. Availability of Manpower
Local availability of skilled and semi-skilled manpower will add to
the efficient running of the plant.
6. Availability Of Utilities
Utilities like electricity, water resources, etc. play an important role
in almost every factory’s operation. Stable and uninterrupted
power is a required magnitude, without fluctuations in voltage and
frequency is important for the successful operation of the plant.
