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Which of the following is a part of economic activity?
  • a)
    Profession
  • b)
    Business
  • c)
    Employment
  • d)
    All of these
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Which of the following is a part of economic activity?a)Professionb)Bu...
well employment is an economic activity to understand this frst understand wht is economic activity it is those activities which are undertaken by human beings for earning money or livelihood..nw lets come to this that why employment is an economic activity well it is carried out with objective of earning profits...earning profits itself comes under economic activity....
Community Answer
Which of the following is a part of economic activity?a)Professionb)Bu...
D is correct Bcoz profession, business n employment is the part of economics activities Bcoz we earn or produce money by all three activities that is why the correct answer is all of these "D "
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Read the following passage and answer on the basis of the same : The subject-matter of economics is divided into two major branches—Microeconomics and Macroeconomics. Microeconomics studies the economic behaviour of individual economic units and individual economic variables, whereas macroeconomics deals with the functioning of the economy as a whole. Macroeconomics dealswith the broad economic aggregates or bigger issues, such as full employment, unemployment, full capacity, under capacity production, inflation or deflation, etc. Macroeconomics is concerned with the theory of national income, employment, aggregate consumption, savings and investment, general price level, economic growth, etc. Whereas, microeconomics is concerned with the theory of product pricing, factor pricing and consumer behaviour, etc.Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. It focuses on facts and cause and effect behavioural relationships and includes the development and testing of economic theories. Positive economics is objective and facts based. Whereas normative economics is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be. Normative economics is subjective and value based.For example, the statement, “government-provided healthcare increases public expenditures” is a positive economic statement and the statement, “government should provide basic healthcare to all citizens” is a normative economic statement.Assertion (

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Which of the following is a part of economic activity?a)Professionb)Businessc)Employmentd)All of theseCorrect answer is option 'C'. Can you explain this answer?
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