Economic Activities in Your Locality

This set of flashcards covers key concepts related to economic activities in localities, classified into primary, secondary, tertiary, and quaternary sectors.

Economic Activities

Activities that generate income through the production, supply, buying or selling of goods and services.

Primary Activities

Economic activities directly related to the extraction and utilization of natural resources, such as farming, fishing, mining, and forestry.

Secondary Activities

Economic activities that involve the processing of raw materials into finished goods, such as manufacturing and construction.

Tertiary Activities

Economic activities that provide services rather than goods, including retail, healthcare, education, and banking.

Quaternary Activities

Knowledge-based services that focus on information, research and development, such as IT and consulting.

Agricultural Labourers

Individuals who work on someone else's land for pay and perform agricultural activities.

Cultivators

People who own or co-own land and grow crops for their family's survival.

Cottage Industries

Small-scale industries that employ family members and often use traditional craftsmanship to produce goods.

Large-scale Industries

Industries that require large capital investments, employ many people, and produce goods in large volumes.

Medium-scale Industries

Industries that use moderate capital investments and employ fewer people than large-scale industries.

Small-scale Industries

Industries with limited capital investment, producing goods for local or niche markets.

Marginal Activity

Economic activity providing livelihood for less than six months.

Lean Period

A period of time when agricultural output or activity is low.

Retail

Selling goods directly to consumers.

Banking and Finance

Managing money, including services like loans and financial planning.

Research and Development (R&D)

Innovating and developing new products and technologies.

Animal Husbandry

Rearing livestock for products such as meat and milk.

Sericulture

The production of silk through the rearing of silkworms.

Apiculture

Beekeeping for honey and other bee products.