Multiple choice

The activity concerning production, distribution and consumption of goods is called

  1. social activity

  2. economic activity

  3. political activity

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Economic activity by definition encompasses the three core activities of production, distribution, and consumption of goods and services. This distinguishes it from social activity (relationships), political activity (governance), or other human activities. The question essentially gives the textbook definition.

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