Question

25e
2. Who among the following is engaged in an economic activity?
a) A farmer growing wheat for self consumption
b) A father buying books for his children
c) A person going to temple
d) Both a and b​

Answer 1

Answer:

d)Both a and b

Explannation

Answer 2

d) Both a and b​

• All the human activity that is performed in the exchange for the money or the worth of a money is known as economic activity.

• In other words we can say, the economic activities those which efforts are under-taken by the human being for earning the income.

• Economic activities result in production of the goods & the or the services. People work because that it would look forward to the getting the return, that getting income for doing.

• Then use the money to buy some other goods & services to satisfy their wants & lead the good quality of our life.

• So working at the home & working outside to the get the income makes difference as they will move out of home for the income.

Therefore the answer is both Option a & b :

A farmer growing wheat for self consumption and A father buying books for his children.

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