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Economic activities refers to _____( Fill in the blank with correct option)
Activities concerned with creation of money and wealth
Activities which have economic aspects
Activities performed by people for satisfaction of their wants
All of the above
- Economic activities typically refer to the actions that involve the production, distribution, and consumption of goods and services.
- Option 1: Activities concerned with creation of money and wealth
- This is correct. Economic activities often involve transactions that generate income and increase wealth.
- Option 2: Activities which have economic aspects
- True as well. Economic activities encompass a wide range of actions with economic implications.
- Option 3: Activities performed by people for satisfaction of their wants
- Right. People engage in economic activities to fulfill their needs and desires by providing or acquiring goods and services.
- ? Option 4: All of the above
- All of these statements describe aspects of economic activities.
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