Question

“A Chartered Accountant is preparing accounts of a firm’. Is this an economic activity?
Mention any one feature of Economic Activity.

Answer 1

$\huge{\mathfrak{Answer \ :-}}$
$<b>$
Yes, it is a economic activity.

$<u>Feature of economic activity:-</u>$

● In this activity, we get money.

$\huge{\mathfrak{Thanks \ !!}}$

Answer 2

It is an economic activity.

• Economic activities are considered human activities, when done in return for money. On the other hand, if no monetary consideration occurs in return for such activities, then they are non-economic.

• Chartered Accountancy or the maintenance of accounting books is a specialised occupation involving professional fees in return for services.

• The the development of a firm's accounts by a chartered accountant is therefore an economic practise. A feature of economic activity is that it always generates an income.