differentiate Nature based economic activities , Service provider activities
Answers
Answer
Important FormulasICSEICSE SolutionsISC & ICSE SyllabusISC & ICSE Sample PapersICSE Revision NotesState BoardsAP BoardBihar BoardGujarat BoardKarnataka BoardKerala BoardMaharashtra BoardMP BoardRajasthan BoardTN BoardUP BoardWB BoardCompetitive ExamsJEE MainJEE AdvancedNEETOlympiadImportant ConceptsPhysicsBiologyChemistryMathsEnglishCommerceOtherSolved QuestionsFull FormsQuizPuzzlesIs this page helpful?The subject “Economics” can be defined as a social science concerned with production, distribution and consumption of various goods and services. It deals with how governments, businesses, as well as individuals allocate available resources to satisfy their requirements. It also further propagates how the above category should work together in an effort to maximise their output for different activities.Economics can be broadly classified into two categories – Macroeconomics - This deals with the economic activities of an aggregate economy. Microeconomics - This concentrates on the economic activities of individuals and businesses