Generally, we divide all economic activities into eight different industrial divisions. Which of the following is NOT such a division?
Answer & explanation
Correct answer: option 3
The current answer is Option 3: shops and establishments
Generally, we divide all economic activities into eight different industrial divisions.They are (i) Agriculture (ii) Mining and Quarrying (iii) Manufacturing (iv) Electricity, Gas and Water Supply (v) Construction (vi) Trade (vii) Transport and Storage and (viii) Services.
For simplicity, all the working persons engaged in these divisions can be clubbed into three major sectors viz., (a) primary sector which includes (i) and (ii), (b) secondary sector which includes (iii), (iv) and (v) and (c) service sector which includes divisions (vi), (vii) and (viii).