Question

Which of the following statements best describe economic activities?

• A. These activities are undertaken to earn money
• B. These activities provide pleasure
• C. These activities involve no risk
• D. These activities involve working outside the house

Answer 1

The correct option is A These activities are undertaken to earn money

Economic activities are those activities which are undertaken to earn money and done to earn a living. For example a person selling vegetables in your locality is a type of an economic activity as he earn money by this activity.