Question

‘Giving priority to service instead of economic self-interest’ is the characteristic of whicheconomic activity?

Answer 1

Giving priority to service instead of economic self-interest’ is the characteristic of political economy

Political economy is a term used for studying production and trade, and their relations with law, custom, and government, as well as with the distribution of national income and wealth. Political economy originated in moral philosophy. It was developed in the 18th century as the study of the economies of states, or polities, hence the term political economy.

Answer 2

Answer:

Explanation:

its a profession because had it been done out of love and sympathy, it would be a non eco activity. but here it done as a service to people.. so profession..