Economic activities refer to the actions that individuals and businesses engage in to produce, distribute, and consume goods and services. These activities can be categorized into three main types: production, distribution, and consumption. Production involves creating goods or services, distribution is about delivering these products to consumers, and consumption is the use of these goods and services by individuals or businesses.
These activities are essential for the functioning of an economy, as they contribute to employment, income generation, and overall economic growth. Economic activities can be influenced by various factors, including government policies, market demand, and technological advancements. Understanding these activities helps in analyzing how economies operate and develop over time.