Define economic activity .Mention the four kind of ecnomic activitiesb. Briefly explain production as an economic actvity
Answers
Answer:
An economic activity is an activity which is related to the usage of money, example buying groceries, buying clothes, buying food etc. any activity having money in it is known as and economic activity...
Explanation:
I dont know the 4 kinds, but here is the chief definition and some examples, hope it helps, happy studying!
Answer: mate heres the answer !
Economic activity is an activity of providing, making, buying or selling commodities or services by people to satisfy day-to-day needs of life. Any activity that includes manufacturing, distributing or utilising products or services.
Explanation:
Business – This economic activity provides goods and services to satisfy human needs on a daily basis with the aim of earning profits.
Profession – It can also be defined as an occupation or a professional job that offers specialised services in return for professional charges.
Employment – The activity is based on a contract between the company and the employee. Here, the employee performs duties for the company, and are paid (wages or salary) in return.
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>hope it helps<