5 Questions
What are economic activities?
Economic activities involve the production, distribution and consumption of goods and services for money or money's worth.
Give some examples of non-economic activities.
Some examples of non-economic activities are reading books, serving people, and cooking by a mother.
What is the definition of business?
Business represents organized efforts by an individual or group of individuals.
What is the difference between business, profession, and employment?
Business involves organized efforts by individuals or groups, profession refers to specialized knowledge and skills, and employment refers to working for someone else.
What do economic activities facilitate?
Economic activities facilitate earning a livelihood.
Test your knowledge on economic and non-economic activities with this quiz! Learn about the different types of activities humans engage in to satisfy their needs, including business, profession, and employment. Explore the distinctions between economic and non-economic activities and enhance your understanding of these essential concepts.
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