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What is an Economic Activity?...

What is an Economic Activity?

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Economic activities are related to production, distribution, exchange and consumption of goods and services. The meaning of economic is usually defined as of, relating to, or based on the production, distribution, and consumption of goods and services though it may vary depending on the situation withing ones country.
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Knowledge Check

  • Which of the following is an economic activity?

    A
    A housewife cooking food for her family.
    B
    A person selling cold water on the payment.
    C
    A young boy driving his motorycle in the city.
    D
    An old man offering prayers in a temple.

  • Which of the following is an economic activity?

    A
    A teacher teaching his son
    B
    Recitation among friends
    C
    Teacher teaching in classroom
    D
    All of these

  • Which one of the following is an economic activity?

    A
    Work of Nurse at her home
    B
    Work of Doctor at their home
    C
    Work of Teacher in the school
    D
    None of these

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    Business is an economic activity . True / False ? Give reason.

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    Which of the following is an economic activity ?

    Which of the following is not an economic activity ?

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