What is an economic activity answer in one sentence


Asked by admin @ in Business Studies viewed by 335 People


Answer in one sentence.1) What is an Economic Activity?2) What is Non-economic Activity?3) What do you mean by Wholesale Trade?4) What is the meaning of Retail Trade?5) What do you mean by Import Trade?6) What is the meaning of Export Trade?​

Answered by admin @



Answer:

1.Economic activity is the activity of making, providing, purchasing, or selling goods or services.

2.Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.

3.Wholesale trade is a form of trade in which goods are purchased and stored in large quantities and sold, in batches of a designated quantity, to resellers, professional users or groups, but not to final consumers.

4.Retail trade is the business activity associated with the sale of goods to the final consumer, the ultimate customer.

5.An import is a good brought into a jurisdiction, especially across a national border, from an external source.

6.Exports are explained as the goods and services manufactured in one country and acquired by citizens of another country.


Similar Questions

Who answers the three economic questions in a mixed economy

Asked by admin @ in Business viewed by 295 persons

In a mixed economy who answers the three economic questions - consumers - the government - producers - both A and B

Who answers the three economic questions in a traditional economy

Asked by admin @ in History viewed by 283 persons

There are three basic economic systems: traditional economies, command economies, and market economies. For EACH economy describe how the three basic economic questions are answered: 1. What should be produced? …

The first great awakening activity 1 jonathan edwards answer key

Asked by admin @ in History viewed by 285 persons

In this activity, you will read some sermons given by George Whitefield and Jonathan Edwards. Then write an essay at least 150 words long comparing the two preachers in terms …

What did one snowman say to the other worksheet answers

Asked by admin @ in Social Studies viewed by 282 persons

Why was tommy's teacher unhappy even after he made straight a's answer?

Guided reading activity 4 2 sparta and athens answer key

Asked by admin @ in Social Studies viewed by 302 persons

Can you show me the answer key to guided reading 4-2 Sparta and Athens

A primary active transport process is one in which __________

Asked by admin @ in Biology viewed by 309 persons

A primary active transport process is one in which __________. hints a primary active transport process is one in which __________. molecules move through transport proteins that have been activated …

Mention three sectors of economic activities with example

Asked by admin @ in Social Sciences viewed by 277 persons

Mention the three main sectors of economic activities with examples. CBSE Class IX Social Science SA (3 Marks)

What is the main economic activity in palampur

Asked by admin @ in Economy viewed by 305 persons

What were the main economic activity of village palampur?

Which of the following is an economic activity

Asked by admin @ in English viewed by 323 persons

Which one of the following is an economic activity​

What are the major economic activities of rural people

Asked by admin @ in Economy viewed by 288 persons

What are the major economic activities of rural india?

What are the major economic activities of rural india

Asked by admin @ in Economy viewed by 323 persons

What are the major economic activities of rural india?

What activity was going on in the class answer

Asked by admin @ in English viewed by 399 persons

What activity was going on in the class​

Which of the following is not an economic activity

Asked by admin @ in Economy viewed by 417 persons

1. Which of the following is not an economic activity? (A) Production(B) Social service(C) Professional(D) Trading in goods​

He is one of my best friend correct the sentence

Asked by admin @ in English viewed by 284 persons

Correct this sentence. He is one of my best friend.​

How did farming lead to new types of economic activities

Asked by admin @ in History viewed by 295 persons

How did farming lead to new types of economic activities?

Most viewed questions in Business Studies


Where do improvement initiatives get recorded in tcs

Asked by admin @ in Business Studies viewed by 7969 persons


Tcs agile vision enterprise agile by 2020 means

Asked by admin @ in Business Studies viewed by 5756 persons



Difference between general cargo rates and specific cargo rates

Asked by admin @ in Business Studies viewed by 3049 persons


The scrum team is using the kanban board

Asked by admin @ in Business Studies viewed by 3015 persons


Agile teams need to comply by the agile values

Asked by admin @ in Business Studies viewed by 2958 persons



Which statement is incorrect about exception handling in blue prism

Asked by admin @ in Business Studies viewed by 2915 persons


Explain how business is transforming itself to e business

Asked by admin @ in Business Studies viewed by 2620 persons



Factors considered essential for the audit of a company

Asked by admin @ in Business Studies viewed by 2477 persons


To manage the azure ad the required privilege is

Asked by admin @ in Business Studies viewed by 2259 persons


Nature of products offered for sale in departmental store

Asked by admin @ in Business Studies viewed by 2181 persons



There is no difference between shut company and delete company

Asked by admin @ in Business Studies viewed by 2020 persons


What does data warehousing allow organizations to achieve

Asked by admin @ in Business Studies viewed by 1819 persons