Question

The scope of its study is
questions:
(1) Where is the economic activity located?
(2) What are the characteristics of the economic activity?
(3) To what other phenomena is the economic activity relate
(4) Why is the economic activity located where it is?
(5)
Would it not be better if located elsewhere?
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Answer 1

Answer:

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Explanation:

1) The economic activity is everywhere, there is not an specific location.

2) The following are the characteristics of economic activities:

    Wealth Producing Activities

    Satisfying Human Wants

    Money Income

    Developmental Activities

    Proper Allocation of Resources

    Optimum Use of Resources

3) Other phenomena related economic activity are capital output, velocity of money and labor theory of value.

4) The economic activity is everywhere, there is not an specific location.

5) No, so that there will not be a monopoly.

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