State the different types of economic activities.



Q.1:- State the different types of economic activities.

 

Answer:-



Economic activities are those by which we can earn our livelihood. Economic activities may be further divided into three categories, namely business, profession and employment, e.g., a person running a garment business, a doctor operating in his clinic, and a teacher teaching in a school- all three are doing so to earn their livelihood and are, therefore, engaged in an economic activity.