Question

Answer in one sentence.
1) What is an Economic Activity?
2) What is Non-economic Activity?
3) What do you mean by Wholesale Trade?
4) What is the meaning of Retail Trade?
5) What do you mean by Import Trade?
6) What is the meaning of Export Trade?​

Answer 1

Answer:

1) What is an Economic Activity?

Economic activity is the activity of making, providing, purchasing, or selling goods or services.

2) What is Non-economic Activity?

Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.

3) What do you mean by Wholesale Trade?

Wholesale trade is a form of trade in which goods are purchased and stored in large quantities and sold, in batches of a designated quantity, to resellers, professional users or groups, but not to final consumers.

4) What is the meaning of Retail Trade?

Retail trade is the business activity associated with the sale of goods to the final consumer, the ultimate customer. It is the link between wholesalers or manufacturers and the customers of the product

5) What do you mean by Import Trade?

An import is a good brought into a jurisdiction, especially across a national border, from an external source.

6) What is the meaning of Export Trade

An export in international trade is a good or service produced in one country that is bought by someone in another country. ... Export of goods often requires involvement of customs authorities.

Answer 2

Answer:

(1) What is an economic activity?

:Economic activity is the activity of making, providing, purchasing, or selling goods or services.

(2) What is non economic activity?

:Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Those human activities which are undertaken for personal satisfaction or to satisfy human sentiments are non economic activities.

(3) What do you mean by wholesale trade?

:Wholesale trade is a form of trade in which goods are purchased and stored in large quantities and sold, in batches of a designated quantity, to resellers, professional users or groups, but not to final consumers.

(4) What is the meaning of retail trade?

:Retail trade is the business activity associated with the sale of goods to the final consumer, the ultimate customer. It is the link between wholesalers or manufacturers and the customers of the product.

(5) What do you mean by import trade?

:An import is a good brought into a jurisdiction, especially across a national border, from an external source. The party bringing in the good is called an importer. An import in the receiving country is an export from the sending country.

(6) What is the meaning of export trade?

:An export in international trade is a good or service produced in one country that is bought by someone in another country. ... Export of goods often requires involvement of customs authorities.

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