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Q.

Vilas sells fish in the village market. What kind of activity is this?

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a

Economic Activity

b

Non-economic activity

c

Farming activity

d

None of the above

answer is A.

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Detailed Solution

Vilas selling fish in the village market is an example of economic activity. Economic activities are undertaken to earn profit. Economic activities are directly related to the country's GDP and are only considered while GDP estimation. Vilas selling fish in the village market produces an income for the Vilas. Economic activities are divided into three sectors such as primary sector, secondary sector, and tertiary sector.

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