Geography, asked by nahushshirodkar, 5 days ago

which among the following can be considered as a economic activity provision of services​

Answers

Answered by abhialokdmoffice
0

Answer:

Explanation:

In the figures given below AB II CD. EF is the transversal intersecting AB and CD at G and H respectively Find the values of x and y. Give reasons ​===[===

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Answered by alokkumarop2000
0

Answer:

What are Economic Activities?

We all have heard the saying “All work and no play makes Jack a dull boy”. But how do we categorize what is work and what is play? In economics, we categorize all human activities into two broad categories – economic activities and non-economic activities. Let us take a look at the meaning and some examples of economic activities.

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What are Economic Activities?

All humans perform a variety of activities on any given day. There is work that we do every day and other activities we do for personal fulfilment and joy. So as a general rule, we can say that all the activities we do to earn a living are economic activities. All other activities are non-economic activities.

One way to identify economic activities is that they are driven by rationality and logic. The reason for performing such activities is for our own self-interest. We will gauge what returns we get in exchange for performing such activities. Non-economic activities, on the other hand, are done for emotional reasons or concern for another person. So all religious, charitable, social, patriotic, recreational activities are non-economic activities.

But it is not always easy to determine the nature of an activity. If you enjoy painting as a hobby it is a non-economic activity. However, if you sell your paintings then it becomes an economic activity. So the motive behind doing any activity is a strong indicator of its nature.

economic activities

Characteristics of Economic Activities

We will now see some distinguishing characteristics of features of economic activities that will help us determine and identify economic activities from non-economic activities.

1] Income Generation

All economic activities will generate some form of income. It is not compulsory that such income is in monetary terms, it can be in different kinds. So, if the activity is a form of livelihood for the person, and it generates him any form of income then it is an economic activity. For example, a labourer who toils the land and gets paid in crops, this is an economic activity.

So when you employ any one of the factors of production (land, capital, labour, entrepreneur) and in return earn an income in form of wages, salary, rent, royalty, profit, etc, we will classify such an activity as an economic activity. For example, rent earned on a property.

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