Question

explain economic activity

Answer 1

activities done for a reason of earning money

Answer 2

Activities which are undertaken by the public with the objective of earning money are known as economic activities.These activities are concerned with the production exchange and distribution of goods and services.The purpose of economic activities should be expectation of money income which is used for the for the creation of wealth or assets.examples of economic activities are production of goods in a factory, distribution of goods by a wholesaler or retailer ,working in a factory, practicing as a doctor, lawyer ,working as a teacher and school etc