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Q.

Choose if the given statement is True/False.


 All the activities that can make money are called economic activities.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
All the activities that can make money are called economic activities. Economic activities that entail compensation are referred to as market activities. Or, to put it another way, those pursuits for which the employees are paid. For example, the vendor receives payment for the veggies he sells, as does the teacher who works in the classroom and the woman who works at the bank. However, it is not commercial activity when a mother is instructing her son at home.
 
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