Identify the economic activity from the following statements: a) A person repairs scooters on road side. b) Anthony is an IAS Officer.
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a) A person repairs scooters on road side.
ans -If it's his own, then it's not an economic activity. If he's repairing other's scooters for a fee, it's economic. This activity is described as an Economic Activity..
b ) Anthony is an IAS Officer.
a- The activities of earning and spending money are known as economic activities. These activities are concerned with money or wealth. When a person goes to office or to a factory to earn money, his activities are covered under economic activities.
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