Advertisements
Advertisements
Question
Explain the following term/concept.
Economic Activity
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__________
Select the correct option and rewrite the sentence.
National level code of conduct is prepared for ________
Give one word/phrase/term.
A regular activity concerned with the production and distribution of goods and services for profits.
Give one word/phrase/term.
Human activities that are conducted for earning money.
State True or False.
Business is an economic activity.
State True or False.
Trade includes buying and selling of goods and services
State True or False.
Profit leads to an increase in the overall efficiency of the organization.
State True or False.
Plant nursery is an example of extractive industry.
Answer in one sentence.
What is an economic activity?
Correct the underlined word and rewrite the sentence.
Business is a non-economic activity.
Correct the underlined word and rewrite the sentence.
Profession can be transferred to another person.
Explain the following term/concept.
Profession
Explain the following term/concept.
Employment
Distinguish between:
Business and Profession.
State any four features of profession.
Attempt the following.
State the types of human activities.
State any four features of the profession
State any four features of profession.
