Write a short note on economic …
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Meghna Thapar 5 years, 5 months ago
Actions that involve the production, distribution and consumption of goods and services at all levels within a society is called economic activity. Activities associated with primary economic activity include agriculture (both subsistence and commercial), mining, forestry, grazing, hunting and gathering, fishing, and quarrying. The packaging and processing of raw materials are also considered to be part of this sector. The crisis will impact U.S. agriculture mostly through indirect international effects rather than through changes in the U.S. economy. The slowdown of growth in foreign economies will reduce import demand for agricultural commodities, resulting in lower U.S. agricultural exports and prices for agricultural commodities.
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