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Business Studies

Importance of Consumer Protection for Consumers

All the human...

Question

All the human activities undertaken for earning money and spending money are considered as ___ activities

A

Economic

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B

Politival

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C

Cultural

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D

Environmental

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Solution

The correct option is A Economic
All human activities related to earning money are known as business activities. Therefore production, distribution and exchange of goods and services, economic motive, creation of utility, measurement by money, satisfaction of wants etc. are the main features of economic activities.

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