Question

Which activities are called as economic activities. Why

Answer 1

Answer:

Only those activities which are

1. Related to money;

2. Involve production, distribution and consumption of goods and services are known as economic activities.

Explanation:

As the word economics means the most effective and efficient usage of resources for the satisfaction of human needs and wants. Hence, activities related to the usage of scarce resources are studied in economics and called as economic activities .

Answer 2

Answer:

Explanation:

When they give us money for which we can say it as economic activity... For eg selling fruits teaching etc