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State four types of business activities carried out in Kenya.
Answer
1. Extraction:
Explanation: Extraction activities involve the harvesting or removal of natural resources from the environment. In Kenya, this can include activities like agriculture (e.g., farming of crops and livestock), forestry (e.g., timber and wood products), and mining (e.g., extraction of minerals like soda ash, limestone, and titanium).
2. Manufacturing:
Explanation: Manufacturing involves the transformation of raw materials or semi-finished goods into finished products. In Kenya, manufacturing businesses produce a wide range of goods, including food products, textiles and apparel, chemicals, cement, and electronics.
3. Construction:
Explanation: Construction activities encompass the building and development of infrastructure and real estate. Kenya has seen significant growth in the construction sector, including the construction of residential and commercial buildings, roads, bridges, and other infrastructure projects.
4. Distribution:
Explanation: Distribution activities involve the movement of goods from manufacturers or producers to retailers, wholesalers, and ultimately to consumers. In Kenya, distribution businesses are critical for ensuring products are available in various regions of the country. This includes transportation, logistics, and wholesale and retail trade.
5. Services:
Services encompass a wide range of economic activities that are not based on the production of physical goods but rather on providing intangible value to individuals, businesses, or the public. In Kenya, the service sector has seen significant growth and diversification over the years, and it plays a crucial role in the country's economy.