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Why is payment in kind considered an economic activity?
  • a)
    It does not involve cash
  • b)
    It involves an exchange of goods or services for monetary value
  • c)
    It is done for fun
  • d)
    It is done out of love
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Why is payment in kind considered an economic activity?a)It does not i...
Payment in kind is considered an economic activity because it involves the exchange of goods or services for items of monetary value, even if it does not involve cash. This form of payment still generates economic value for the parties involved.
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Why is payment in kind considered an economic activity?a)It does not involve cashb)It involves an exchange of goods or services for monetary valuec)It is done for fund)It is done out of loveCorrect answer is option 'B'. Can you explain this answer?
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