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....................... is an example of economic activity.
- a)A farmer ploughing his field
- b)Scholarship to a student
- c)Domestic work by house wife
- d)All the above.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
....................... is an example of economic activity.a)A farmer ...
Economic Activities : All these activities that give income to the people are called economic activities. All the economic activities contribute to the flow of goods and services in an economy. e.g. -
1. A teacher teaching in a class.
2. A man or women working in a bank.
3. A farmer ploughing his field.
4. A worker working in a mine.
1. A teacher teaching in a class.
2. A man or women working in a bank.
3. A farmer ploughing his field.
4. A worker working in a mine.
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....................... is an example of economic activity.a)A farmer ...
Economic Activity: Definition and Examples
Economic activity refers to any activity related to the production, distribution, and consumption of goods and services. Economic activities are essential to promote the economic growth and development of a country. Some examples of economic activities are:
1. Agriculture: It involves the cultivation of crops, rearing of livestock, and other activities related to farming. Agriculture is the primary source of food and raw materials for industries.
2. Manufacturing: It involves the production of goods by transforming raw materials into finished products. Manufacturing industries include textiles, electronics, automobiles, etc.
3. Services: It involves the provision of intangible goods like healthcare, education, entertainment, etc. The service sector contributes significantly to the GDP of a country.
4. Construction: It involves the building of infrastructure like roads, bridges, buildings, etc. Construction activities create employment opportunities and contribute to the development of a country.
Example of Economic Activity
The correct answer to the given question is option 'A', which states that a farmer ploughing his field is an example of economic activity. Here's why:
- Agriculture is an economic activity that involves the cultivation of crops and rearing of livestock.
- Farming is an essential economic activity that provides food and raw materials for various industries.
- Ploughing is a crucial step in farming, which involves preparing the soil for sowing seeds.
- The activity of ploughing is a productive activity that generates income for the farmer and contributes to the overall economic growth of the country.
Conclusion
In conclusion, economic activities are essential for the growth and development of a country. Agriculture is an example of economic activity that involves the cultivation of crops and rearing of livestock. Ploughing is a crucial step in farming and is a productive activity that generates income for the farmer and contributes to the overall economic growth of the country.
Economic activity refers to any activity related to the production, distribution, and consumption of goods and services. Economic activities are essential to promote the economic growth and development of a country. Some examples of economic activities are:
1. Agriculture: It involves the cultivation of crops, rearing of livestock, and other activities related to farming. Agriculture is the primary source of food and raw materials for industries.
2. Manufacturing: It involves the production of goods by transforming raw materials into finished products. Manufacturing industries include textiles, electronics, automobiles, etc.
3. Services: It involves the provision of intangible goods like healthcare, education, entertainment, etc. The service sector contributes significantly to the GDP of a country.
4. Construction: It involves the building of infrastructure like roads, bridges, buildings, etc. Construction activities create employment opportunities and contribute to the development of a country.
Example of Economic Activity
The correct answer to the given question is option 'A', which states that a farmer ploughing his field is an example of economic activity. Here's why:
- Agriculture is an economic activity that involves the cultivation of crops and rearing of livestock.
- Farming is an essential economic activity that provides food and raw materials for various industries.
- Ploughing is a crucial step in farming, which involves preparing the soil for sowing seeds.
- The activity of ploughing is a productive activity that generates income for the farmer and contributes to the overall economic growth of the country.
Conclusion
In conclusion, economic activities are essential for the growth and development of a country. Agriculture is an example of economic activity that involves the cultivation of crops and rearing of livestock. Ploughing is a crucial step in farming and is a productive activity that generates income for the farmer and contributes to the overall economic growth of the country.
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....................... is an example of economic activity.a)A farmer ploughing his fieldb)Scholarship to a studentc)Domestic work by house wifed)All the above.Correct answer is option 'A'. Can you explain this answer?
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