Question

what do you mean by economic activities? answer in 75 words​

Answer 1

Answer:

Hope this is enough for you :D

Economic activity is an activity of providing, making, buying or selling commodities or services by people to satisfy day-to-day needs of life. Any activity that includes manufacturing, distributing or utilising products or services.

Activities that involve money or the exchange of products or services are economic activities. The three types of economic activities are.  

Business – This economic activity provides goods and services to satisfy human needs on a daily basis with the aim of earning profits.

Profession – It can also be defined as an occupation or a professional job that offers specialised services in return for professional charges.

Employment – The activity is based on a contract between the company and the employee. Here, the employee performs duties for the company, and are paid (wages or salary) in return.

Answer 2

Answer:

CHECK BELOW

Explanation:

All such activities which help us to earn a living is called economic activities. For e.g.- Working in schools, factories, banks, running businesses, etc.

There are 3 types of economic activities:

1) Primary- Activities concerned with collecting or making available material provided by nature. for e.g- farming, mining, fishing, etc.

2) Secondary- activities assosiated with transforming raw materials into useful commodities. e.g- manufacturing

3) Tertiary - activities which are essential for running modern factories in a big way. e.g-banking, education, health, insurance ,etc.