Question

What do mean by economic activity in economics?

Answer 1

Economic activities are related to production, distribution, exchange and consumption of goods and services. The primary aim of the economic activity is the production of goods and services with a view to make them available to consumer.

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Answer 2

Answer:

An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service. ... may carry out one or more economic activities, but each unit has only one main activity.