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Economics is the study of the way people organize themselves to sustain life and enhance its quality. Individuals engage in four essential economic activities, which are, resource maintenance, production of goods and services, distribution of goods and services, and consumption of goods and services. Resource maintenance means tending to, preserving, or improving the natural, produced, human, and social resources that form the basis for the preservation and quality of life. Production is the conversion of some of these resources into usable products. Distribution refers to the sharing of products and resources among people, while consumption refers to their final use. Economists study how individuals engage in these activities and how their social coordination is achieved.
Often, for the convenience of organizing curricula, the study of economics is broken down into two parts: Micro- and macro-economics.
What else can I help you with?
What are the four levels of economic activity?
i believe that the levels of economic activity is 1.primary activity 2.secondary activity 3.tertiary activity 4.quaternary activity
Is begging an economic activity?
Economic activity is defined as actions that involve the production, distribution and consumption of goods and services at all levels within a society. So begging might not be defined as an economic activity, since it does not really affect all levels of society. It's too minute to make a large impact.
What is the difference between economic and noneconomic activity?
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
What is a Another name for economic activity?
what is meant by economic activity
A world economic activity map shows information about?
The different economic activity shown in that location.
What are the four levels of economic activity?
i believe that the levels of economic activity is 1.primary activity 2.secondary activity 3.tertiary activity 4.quaternary activity
Is begging an economic activity?
Economic activity is defined as actions that involve the production, distribution and consumption of goods and services at all levels within a society. So begging might not be defined as an economic activity, since it does not really affect all levels of society. It's too minute to make a large impact.
What is the difference between economic and noneconomic activity?
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
What is the difference between economic and noneconomic?
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
Lumbering is a major economic activity?
its an economic activity of Canada
What is a Another name for economic activity?
what is meant by economic activity
A world economic activity map shows information about?
The different economic activity shown in that location.
What is the main economic activity Manchester?
The main economic activity is bauxite
What was the main economic activity of Egypt?
There main economic activity (job) is farming.
What is secondary economic activity?
economic activity involving the processing of raw materials
What is the main economic activity in Manchester?
bauxite
Is getting paid for gardening an economic activity?
Yes that would be an economic activity.
