In today's world, Economic activity has become a topic of great relevance and interest to countless people. Whether it's its impact on society, its influence on culture, or its importance in history, Economic activity has captured the attention of scholars, experts, and enthusiasts alike. Its relevance transcends borders and covers different areas, making it a topic of deep analysis and debate. In this article, we will explore the different facets of Economic activity and its impact on the contemporary world, analyzing its historical relevance, its current influence and its possible implications in the future.
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The word 'economic' as well as 'economic activity' pertains to all the activities in which people engage, the world over, in the production, exchanging( distribution) and consumption of good and services. Anything people buy, work to produce, consume or exchange is an economic item. The broadly Economic Activities can be classified in following three major categories_ 1. Production 2. Exchanging and 3. Consumption