Q.

Production, distribution, exchange, and consumption of products and services constitute the core of ____ activities


see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!
An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

Production, distribution, exchange, and consumption of products and services constitute the core of economic activity.
It is possible to express economic activity in monetary terms. For example, a farmer grows vegetables to sell in the market, a businessman earns a profit, a doctor charges fees for his services, etc. The basic goal of economic activity is to generate profit. People engage in these activities to make money to support their way of life.
 
Watch 3-min video & get full concept clarity
score_test_img

Get Expert Academic Guidance – Connect with a Counselor Today!

whats app icon