What Are Economic Activities?

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.

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

Economic activity in south african provinces

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

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

Economic Activities simply deals with in and out flow of value

Economic activities are activities done around the world

Economic activities are related to world maps.