Economic activities are those activities that are concerned with the

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Production of goods and services

Consumption of goods and services

Sale of goods

Both 1 and 2

answer is D.

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Detailed Solution

Economic activities are those concerned with the production of goods and services as well as the consumption of goods and services. Economic activities have the primary aim of profit earning. Such activities which employ the workforce by providing them with salary are termed economic activities. As it allows for salary and wages for the workers, economic activities increase the economy's national income. The persons participating in economic activities consist of shopkeepers, entrepreneurs, managers of any company, and even vegetable vendors. The only condition to be satisfied is that the person must earn an income. Beggers are not included in the workforce.

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