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Question
What is the purpose of economic activities?
Options
These activities are performed only for wage or salary.
These activities are not expected to create money income.
These activities are undertaken to earn a living through production and sale of goods and services.
These activities do not result in creation of wealth.
MCQ
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Solution
These activities are undertaken to earn a living through production and sale of goods and services.
Explanation:
Economic activities are aimed at earning money by producing goods or providing services that people need. They help individuals support themselves and contribute to creating wealth in the economy.
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