Question 25 of 31
Q.What is meant by Economic Activities ?
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2025Subjective· 2mImportance★★★★★
81% · 25/31 Questions
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Start your 14-day free trial to unlock the full solution →Economic activities are the activities that human beings perform to earn income and a livelihood (for monetary gain); business, profession and employment are their main forms, as against non-economic activities done out of love, sympathy or duty.
Economic activities are those activities that are undertaken with the object of earning money, income or a livelihood. They are carried on to acquire wealth and to satisfy human wants using scarce resources, and their result can be measured in terms of money.
Key points a 2-mark answer should bring out:
- They are performed for economic (monetary) gain, not for love, affection or social duty.
- Their main forms are business, profession and employment.
- They contrast with non-economic activities (such as helping a friend or worship), which are done from sentiment or social obligation and not for money. …
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