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Identify the feature of economic activity. - Economic Applications

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Question

Identify the feature of economic activity.

Options

  • Economic gain

  • Can’t be measured in money terms.

  • Performed out of love and affection.

  • Results in satisfaction and happiness.

MCQ
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Solution

Economic gain

Explanation:

Economic activities are performed for monetary gain and involve transactions measured in money terms, unlike non-economic activities, which are done for love or satisfaction without financial gain.

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Chapter 1: Meaning and Definition of Economics - QUESTIONS [Page 13]

APPEARS IN

J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 1 Meaning and Definition of Economics
QUESTIONS | Q 7. | Page 13
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 1 Introduction to Economics
QUESTIONS | Q 7. | Page 12
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