Explain economic activity NIOS board
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Production, consumption and capital formation are called the basic economic activities of aneconomy. Scarce resources are used in the production of goods and services with the objective of satisfying our needs and wants.
dude
here is your answer
Production, consumption and capital formation are called the basic economic activities of aneconomy. Scarce resources are used in the production of goods and services with the objective of satisfying our needs and wants.
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