Question

what is the meaning of economic activity​

Answer 1

An economic activity takes place when resources such as capital goods, labour, manufacturing techniques or intermediary products are combined to produce specific goods or services. Thus, an economic activity is characterised by an input of resources, a production process and an output of products (goods or services).

Answer 2

Basically activities are categorised into two types economic activity and non economic activity.
Economic activities are those activities which are performed by the people with the Motive to earn profits. These activities play a vital role in the economic growth and development of a country. Economic activities are further classified into three types that’s business, profession ans employment. Examples of economic activities are a business man selling goods ans services to earn profit. A cinema. Housing selling entertainment, a restaurant selling food a doctor charging fee for his service etc are examples of economic activities. A remuneration In the form of profit salary and fee is being received as a result of performance of such activities.