Define 3 basic economic activities?

1.	Define 3 basic economic activities?
Answer» What to produce How to produce And for whom to produce<br>Three basic economi activities are: BusinessProfessionEmployment<br>Economics activities:- 1.) Consumption, 2.) Production and 3.) Distribution. Elaborating these three points as follows:-1.). Consumption:- It is an economic activity where consumers buy goods and services and consume it in order to get satisfaction.2.) Production:- It is an economic activity where producers makes their artefacts in order to sell it to make profit.3.) Distribution:- lt is an economic activity where people are considered about the distribution of resources among different societies. For example:- GDP, national budget etc.

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