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Q.

Mention if the given statement is true or false:


On the basis of ownership of resources, economic activities can be classified into primary, secondary and tertiary.


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a

True

b

False 

answer is B.

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Detailed Solution

The given statement is false.
Based on ownership of resources, economic activities can be classified into the public and private sectors, not as primary, secondary, or tertiary. Economic activities are organised into primary, secondary, and tertiary based on the nature of the activities.
The correct sentence will be, “Based on ownership of resources, economic activities can be classified into public and private sectors.”
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