Question

Activities undertaken for earning income or profit are known as______________​

Answer 1

Answer:

Activities undertaken to earn money are called economic activities.

Answer 2

QUESTION:-

Fill in the blanks

Activities undertaken for earning income or profit are known as______________

ANSWER:-

• ECONOMIC ACTIVITIES is the answer.

• Activities undertaken for earning income or profit are known as Economic Activities.

EXPLANATION:-

• Economic activities are those activities that are concerned with the consumption of goods and services and with the supply and sales of those goods in exchange for money for those goods or services.
• Economic activities are undertaken for the objective of earning a profit, increasing wealth, and supplying and generating commodities that can be demanded by the population for sale.
• The various kinds of economic activities include business, professions, and employment.
• The wide classification of five various categories of economic activities is production, supply, buying, selling, and the consumption of goods and services.
• Any enterprise that produces products or services to earn a profit or render a living is committed to economic activity.

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