Business Studies
Types of Human achinites
o Economie duidel
© Nor Economic adivities
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CLASSIFICATION OF HUMAN ACTIVITIES - DEFINITION
Human activities can be classified as Economic and Non-Economic Activities.
An economic activity involves the production, distribution and consumption of all goods and services.
A non economic activity in done with no intention of earning a profit or any money.
CHARACTERISTICS OF ECONOMIC ACTIVITIES - DEFINITION
An economic activity involves the production, distribution and consumption of all goods and services. These activities are those by which we can earn our livelihood. The characteristics of economic activities are as follows:
They are wealth producing activities
They satisfy human wants
They help in earning income
They help in social development
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