Definition of Economic Activity

Economic activities are all the processes that take place to obtain products, goods and / or services intended to meet needs and desires in a particular society.

For the economy and finance, an activity is any process that occurs in an organized manner with the ultimate aim of generating products, or also goods and services, that in a given context will contribute to the economic progress of a group, society or nation.
Economic activities have the purpose of meeting human needs from work on resources available on the planet and, in that sense, they consider not only economic and business criteria, but also social and environmental criteria in decision-making.

Any activity worth its salt can and should be segmented into phases of production (understood as one that operates on the raw material for the development of a certain product or), distribution (in terms of placing the products in different geographical points of society within the reach of the consumer) and consumption (that is, the appropriation of the property by an individual or entity).

Typical economic activities in the different countries of the world are the farming and livestock, but also industry, commerce, communications, investigation scientific and almost any activity that involves the production of a good in exchange for a monetary or other return.

Within these activities, it is considered primary sector to the one who understands the activities that are concerned with obtaining food and raw materials from the natural environment; secondary sector those who work on raw materials in industrial settings; Y tertiary which groups together the services available to a company. In the most advanced economies, the tertiary sector tends to gain a place over the primary sector, which is predominant in developing economies.