MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Deindustrialising India

are the basis...

Question

____ are the basis for all economic activities.

A

Wants

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Labour

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Manufactured

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Utility

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Wants
Wants are the basis of all economic activities. Scarcity lies at the root of all economic problems faced by the economy.

Suggest Corrections

thumbs-up

0

Similar questions

Q. What is the basis of differentiating between economic and non.economic activities? Classify the following activities as economic or non-economic:
(a) A property dealer selling house for commission
(b) A housewife doing household work at home
(c) A teacher teaching in the school
(d) A person offering prayer in the church.

Q. Identify the sector that is a classification of economic activities on the basis of nature of activity.

Q. Identify the basis for classifying economic activities into public and private sectors.

Q. Identify the basis for classification of economic activities into public and private sectors.

Q. In which sectors are economic activities classified on the basis of conditions of work and rules?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Eve of Independence

ECONOMICS

Watch in App

explore_more_icon

Explore more

Deindustrialising India

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon