What are the three types of entrepreneurial activities?

Steps of Economic ActivityPrimary: Producing Material (i.e. Water from a well) Secondary: Create a product from natural resource (i.e. bottled water)

Tertiary: Provide a professional service to distribute (i.e. Great Value sells bottled water)

Quaternary: Study the product to research and improve production (i.e. test the purity)

Types of Economic Activity

Service: Teaching

Agriculture: Farming

Industry: Manufacturing