Advertisements
Advertisements
Questions
Explain the following term/concept.
Economic Activity
Explain economic activity.
Advertisements
Solution
- Human beings are engaged in various activities throughout the day.
- Some activities are done to earn money or livelihood.
- These activities are called economic activities.
- Economic activities are of three types; they are business, employment, and profession.
- Because of the economic activities a person can earn for himself and his family.
- These activities are required for the survival of a human being.
APPEARS IN
RELATED QUESTIONS
Select the correct option and rewrite the sentence.
A Lawyer is__________
Give one word/phrase/term.
Buying and selling of goods against money or money’s worth.
State True or False.
Warehousing removes the difficulty of time.
State True or False.
Trade includes commerce.
State True or False.
Profit leads to an increase in the overall efficiency of the organization.
State True or False.
Industry creates form utility.
Retailer is the link between manufacturer and wholesalers.
Answer in one sentence.
What is an economic activity?
Distinguish between:
Business and Profession.
Attempt the following.
State the types of human activities.
State any four features of the profession
State any four features of profession.
State any four features of profession.
State any four features of the profession.
State any four features of profession.
State any four features of profession.
State any four features of profession.
