MENU
Question -

State the different types of economic activities.



Answer -

Various economic activities are:
1. Profession: These are activities that requires specialised skills and knowledge and people involved in this are known as professionals
2. Employment: It is the type of economic activity where people get paid for the service they provide and are known as employees.
3. Business: It is the economic activity that deals with trading of goods and services with a motive to earn profit.

Comment(S)

Show all Coment

Leave a Comment

Free - Previous Years Question Papers
Any questions? Ask us!
×