what do you mean by economic activities of man? what are such economic activities?
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Production, consumption and capital formation are called the basic economic activities of an economy. ... The consumption activity consists of the use of goods and services for the direct satisfaction of individual or collective human wants.
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Explanation:
Production, consumption and capital formation are called the basic economic activities of an economy. ... The consumption activity consists of the use of goods and services for the direct satisfaction of individual or collective human wants.
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