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What is an Economic Activity?

2. What is an Economic Activity?

  1. The activity of making, providing, purchasing, or selling goods or services.
  2. An industry in that part of the economy that creates services rather than tangible objects.
  3. It is a category of property that includes intangible creations of the human intellect.
  4. Services that focus on the creation, re-arrangement and interpretation of new and existing ideas.

Answer: A) The activity of making, providing, purchasing, or selling goods or services

Explanation:

Any action that involves producing, distributing, or consuming products or services is an economic activity.

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