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?
Answers
1.Economic activity is the activity of making, providing, purchasing, or selling goods or services.
2.Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.
3.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.Retail trade is the business activity associated with the sale of goods to the final consumer, the ultimate customer.
5.An import is a good brought into a jurisdiction, especially across a national border, from an external source.
6.Exports are explained as the goods and services manufactured in one country and acquired by citizens of