Question

Which of the following is an economic activity?

• A. Sale of goods to consumers.
• B. Teaching one's own nephew at home.
• C. A Housewife doing household duties.
• D. Watching television.

Answer 1

The correct option is A Sale of goods to consumers.

The definition of an economic activity is given as "any activity where goods and services are exchanged for money."

The economic activity of consumption involves consumers lending their services in exchange for wages that they then use to purchase goods and services. Thus sale of goods to consumers is an economic activity.

In all the other instances, the person is not being paid for the services they are providing and thus these can not be considered as economic activities.