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Question
Production is a / an _____________ activity.
Production is a / an _____________ activity.
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Solution
The correct option is C Economic
Economic activity is an activity that generates income and involves production, sale and distribution of goods and services. The motive behind an economic activity is to earn money and not to meet emotional and sentimental human needs. Thus, production is an economic activity that generates income and is undertaken with a motive to earn profit.The correct option is C.
Economic activity is an activity that generates income and involves production, sale and distribution of goods and services. The motive behind an economic activity is to earn money and not to meet emotional and sentimental human needs.
Thus, production is an economic activity that generates income and is undertaken with a motive to earn profit.
The correct option is C.
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