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What Are Economic Activities?

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    Economic activity involves the use of scarce resources in the provision of goods to satisfy unlimited wants. It is a measure for meeting the problem of making a living; other categories of work are not related to this problem. There may be differences in nature between one source of livelihood and another but the underlying similarity in all spheres of economic activities is that work is performed against ware or remuneration. In the modern social scheme of things, these activities rotate around the financial axis and that is why all the activities involving money earning and money spending are called economic activities.

    But in order to satisfy the variegated purposes of human life and existence, the arena of man's work has widened itself to a much larger extent and he is to perform many other general duties and functions which do not come under the definition of economic activities as mentioned, for example, the vast area of human experiences encapsulating the field of art and religion where economics has no as such role to play. Nevertheless, when even such types of functions have got exchange values, those are considered as economic activities. For example, when a man performs the worship of god at his home, it is not a piece of economic activity; but when he does so in the house of his customer against payment, it comes under the purview of economic activity.
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    Sudipa_sarkar  

    answered 3 years ago

    Any work performed by a housewife in his house be considered as economic activity?
    Any work performed by a child to help his father in the field be considered aseconomic activity?
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    Haramohan

    Haramohan

    commented 5 months ago

      Economic activities are the production and distribution of goods and services at all levels. Examples of economic activities are hunting, fishing, farming, and mining. But i learned that from 7th grade geography
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      Guest

      Guest  

      answered 8 months ago

      Economic activities are the activites which are done in purpose of earning money to fullfil the wants of the people which are unlimited and unending. And economic activities mainly include production, distribution and exchange of goods. For example-: A teacher teaching in a school, a farmer working in a farm, a shopkepper selling goods to the customer.And i learned this from the commerce book of class 9th.
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      Sacin

      Sacin

      commented 8 months ago

        Economic activity in south african provinces
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        Guest

        Guest  

        answered 8 months ago

        Economic activities are the activities which are done in purpose of earning money to fulfill the wants of the people which are unlimited and unending
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        Guest

        Guest  

        answered 7 months ago

        Economic activity - all those things that people do to try to make their lives better and more comfortable.....8th grade geography :)
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        Guest

        Guest  

        answered 7 months ago

          Economic Activities simply deals with in and out flow of value
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          Guest

          Guest  

          answered 6 months ago

          Economic activities are activities done around the world
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          Guest

          Guest  

          answered 5 months ago

          Economic activities are related to world maps.
          0 0
          Guest

          Guest  

          answered 3 months ago

          Economic Activity is the act of combining the factors of production so as to return a profit by satisfying the needs and wants of consumers
          0 0

          Nilireaney  

          answered 2 weeks ago

          Econmic activities are activities done to fulfill the ctitizens needs
          0 0

          Guest  

          answered 1 week ago

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