Economy, asked by Pravneetk, 1 year ago

what is meant by the nature and level of economic activity.

Answers

Answered by baldip

Nature is our environment of our surroundings and economic activities includes harvesting, farming, marketing etc.....
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Answered by khushboo41

heya!!

Economic activity -) any activity which are related to production,exchange, distribution, consumption, finance are known as economic activity.

The main aim of economic activity is the production of goods n services to satisfy needs and wants.

we know that needs are our basic requirements... people need to survive for e. g. wants, food n shelter.

firms seeks to maximum their profits of doing economic activity n the govt has also four motives of economic activities are -)) ••to have full employment
••stable price

••high n sustainable growth rate

••equilibrium of balance of payment

hope this help!!

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