Social Sciences, asked by mdt6813, 1 year ago

what are the different types of economic activity explain with example

Answers

Answered by SaudagarAmir
3

Definition and examples. Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.

Answered by Anshults
5

Economic Activity

Explanation:

There is a different kind of Economic Activity such as:

  • Traditional Economy
  • Command Economy
  • Market Economy
  • Mixed Economy

Traditional Economy: Goods and services traded without exchanging.

Command Economy: Production of Goods and services are in the hands of the central government.

Market Economy: Production is determined by consumer demands.

Mixed Economy: This is the Combination of Market and Command economy.

Learn more:

https://brainly.in/question/160352

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