The activities undertaken by people with the object of earning money are known as ____.

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Detailed Solution

The activities undertaken by people to earn money are known as economic activities.
They are classified into three sectors: the primary sector, secondary sector, and tertiary sector. The primary sector involves the conversion of natural resources into primary products. This sector focuses on the direct involvement of nature. The prominent examples of the primary sector include agriculture, mining, forestry, dairy, poultry farming, fishing, etc. The secondary sector involves converting raw materials into finished goods through manufacturing. The process occurs in factories, shops, workshops, and even homes. Finally, the tertiary industry assists the two other sectors. It does not provide commodities but the essential services required to make goods available, such as transportation and banking.

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