is production an economic activity? why?
production is an process in which resources is utilised for producing goods and services for the satisfaction of people.
And there are two types of activities given as below :
(1) ECONOMIC ACTIVITY
(2)NON - ECONOMIC ACTIVITY
YES, production is an economic activity because , (we can consider anybody ) every producer produced goods and services with the motive of earn profit and there is also inter-relationship between economic activity and production process I HOPE U LIKE MY SUGGESTION
IF LIKE GIVE THUMBS UP TO MY SUGGESTION
And there are two types of activities given as below :
(1) ECONOMIC ACTIVITY
(2)NON - ECONOMIC ACTIVITY
YES, production is an economic activity because , (we can consider anybody ) every producer produced goods and services with the motive of earn profit and there is also inter-relationship between economic activity and production process I HOPE U LIKE MY SUGGESTION
IF LIKE GIVE THUMBS UP TO MY SUGGESTION