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Define 3 basic economic activities?

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Define 3 basic economic activities?

Posted by Deepak Jain 5 years, 3 months ago

CBSE > Class 11 > Economics

3 answers

Sakshi Pokhriyal 5 years, 3 months ago

What to produce How to produce And for whom to produce

Gaganjot Kaur 5 years, 3 months ago

Three basic economi activities are: Business Profession Employment

Shreya Kumari 5 years, 3 months ago

Economics activities:- 1.) Consumption, 2.) Production and 3.) Distribution. Elaborating these three points as follows:- 1.). Consumption:- It is an economic activity where consumers buy goods and services and consume it in order to get satisfaction. 2.) Production:- It is an economic activity where producers makes their artefacts in order to sell it to make profit. 3.) Distribution:- lt is an economic activity where people are considered about the distribution of resources among different societies. For example:- GDP, national budget etc.

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