define economic activity how is consumption called an economic activity ???
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Answer:
An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.
Explanation:
Consumption is the demand side of the market. It is what generates the production and the supply of goods and services. The consumption of goods promotes competition and introduction of better products in the market. So consumption encourages production activities, so it is in itself an economic activity.
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Answer:
Economic activity is that which helps in earning capital and profit.
Explanation:
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