Question

what is the economic activities under business activities pls explain ​

Answer 1

Answer:

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.

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Answer 2

Answer:

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity.

Economic Activity

Economic activity – two definitions

There are many ways to define the term.

The University of Toronto’s Department of Economics has the following definition:

“Economic activity is the process by which the stock of resources or stock of capital produces a flow of output of goods and services that people utilize in partial satisfaction of their unlimited wants.”

“This process involves not only the production of goods and services but their distribution among the various members of the community.”

If Toronto University’s explanation is too complicated, perhaps you’d prefer Cambridge Dictionary’s simpler definition:

“The activity of producing, buying, or selling products or services.”

Explanation:

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