Question

What do you understand by economic activities ? Give example.
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Answer 1

Explanation:One of the main aims of economic activity is to produce goods and services to make them available to consumers. All activities which we perform in exchange for money or things of value are economic activities. Put simply; economic activities are those which we undertake to earn income, money, or wealth.

Answer 2

• Economic activities are those activities which are done to make buy or sell of commodities or services to the people to satisfy their day-to-day needs of life.
• Any activity which is done with the perspective of earning profit is called economic activities.  
• It adds value to the national income of the country.  
• Examples of economic activities are running a small retail shop, banking, production and distribution of goods.