Question

Who carries economic activities?
a) Individuals
b) Firms
c) Government
d) All the above ​

Answer 1

Answer:

d.) all of the above

Explanation:

every person does economic activity including firms and government!

Answer 2

All of the mentioned entities carry out economic activities

• All the things individuals perform to sustain their everyday lives are considered economic activities. Every such endeavour will generate revenue in some manner.
• Such revenue does not always have to be in monetary terms, it can take various forms.
• An example of economic activity would be a firm producing steel wires for multiple businesses and receiving payment for it.
• Other examples include the production of things by a manufacturing employee, the provision of services by a software engineer, and the production of services by a nurse.
• Whereas, the government implements such measures through fiscal policy by boosting or reducing tariffs or by reducing or expanding the total government disbursement.

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