How service of a maid can be an economic activity in term of definition ?
Dear Student,
Economic Activities refers to those activities which are undertaken to earn a living economic activities are concerned with all those activities, which are concerned with the production, exchange and consumption of goods and services, which are not available free.
So, Service of a maid is an economic activity because it is done to earn a living.
Regards
Economic Activities refers to those activities which are undertaken to earn a living economic activities are concerned with all those activities, which are concerned with the production, exchange and consumption of goods and services, which are not available free.
So, Service of a maid is an economic activity because it is done to earn a living.
Regards