Question

Activities which are not concerned with creation of money are known as …….

Activities. (Economic/Non-economic) ​

Answer 1

Answer:

Economics is a social science which deals with the production, distribution and consumption of goods and services. It is the study of how individuals, businesses, governments and countries make choices on allocating resources to motivate their needs and wants and attempt to determine how these categories should gather and correlate attempts to attain maximum output. Economic analysis certainly advances through analytical procedures, like mathematical logic, where the conjectures of different human activities are envisaged in a “means-ends” structure.