Question

what are economic activities mention and explain its different types​

Answer 1

hey \\ \\

economic \: actvities \: are \: related \: to \: our economy \\ \\

types \: of \: activities \: are \: under \: as \: follows -

\\ \\1. production \\ \\ \\ 2.consumption \

\ \\ \\ 3. distribution

\\ \\ 4.exchange \\ \\

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production is related to producing good and services. it depends on labour, land, capital, entrepreneur...

☺ consumption is related with the utilisation of services and goods for direct satisfaction of units or need..

☺ exchange is related to the process of sale and purchase a commodity..

☺ distribution is process of determining rent, wages,, interest, or profit...

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