A chartered accountant is preparing account in a firm. Is this an economic activity?Mention any one feature of economic activity in 40 to 60 words
Answers
yes this is an economic activity.
economic activity can be termed as buying or selling of products or services and making records of those selling or buyings of products or services
economic activities can be divided in three categories.
1.profession
profession is something that a person professionally attains.
2.employment
employment is another feature of economic servant.
a person who hire a person for employment is known as employer.
3.Business
a person who drives a business is called a business man.
The economic activities mainly relate to distribution, consumption, exchange, and production of services and materials.
Chartered accountancy means to maintain and outsource specialized accounting through profession in return of fees.
Thus the preparation of accounts by a chartered accountant for a firm is one of the activities related to economic aspects.
The job includes monetary exchanges through delivered services relating to business and accounts.