list the different economic activities
Answers
Unemployment
Interest rate
Explanation:
Different Economic activities are as follows:
1. Production: This includes the production of products and services. For example: Production of various crops, Mining activities, transportation, etc.
2. Consumption: This activity includes the use of product and services which people buy to satisfy their wants. For Example, People consume the services provided by the doctor for medical treatment.
3. Exchange: In this activity, the exchange of products and services takes place in which money uses as medium of exchange. For Example, Ram paid Rs 5 to buy a pen.
4. Distribution: In this activity distribution of income takes place which is earned through products and services. This income is divided among the various means of production which includes land, labour, capital, etc.
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