GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Types of economic activities are ____, ____, ____ & ____
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land, labour, capital, enterprise
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producers, households, consumers, government
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production, consumption, distribution, exchange
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wealth, welfare, scarcity, growth
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Explanation:
Detailed explanation-1: -Economic activity deals with the production, distribution, consumption and exchange of economic goods which are scarce in nature as compared to their demand and also those goods which have the utility to satisfy human wants.
Detailed explanation-2: -The type of economic activities-Primary, Secondary and Tertiary.
Detailed explanation-3: -Activities involved in production (manufacturing), distribution (transportation), and consumption (retail) are constantly seeking economies to improve their margin, competitiveness, and increase their market share.
There is 1 question to complete.