Make a list of activities that constitute the ordinary business of life Are these economic activities - Economics - Introduction

Question

Make a list of activities that constitute the ordinary business
of life Are these economic activities?

Bhawna Madaan · Accepted Answer

The following are the activities that constitute the ordinary
business of life:
1 Buying of goods and services
2 Rendering services to a company by employees and workers
3 Selling of goods and services
4 Production process carried out by a firm
Yes, the above mentioned activities are regarded as economic
activities This is because, these activities involve the use of
scarce resources to carry out production, consumption, saving,
investment, etc These activities involve the exchange of money to
earn livelihood

Make a list of activities that constitute the ordinary business of life. Are these economic activities?