production, consumption and distribution are economic activities. expl

1.	production, consumption and distribution are economic activities. explain.
Answer» Production,\xa0consumption and distribution are economic activities. ...\xa0Consumption\xa0is utilisation of goods and services by the individuals with the aim of satisfying their needs and wants.\xa0Distribution\xa0means allocating or distributing the final goods and services among the different segments of population.\xa0Production,\xa0distribution, and consumption\xa0are related to how goods and services are created and made available to the public. ... As people buy, sell, and make goods, they become interdependent upon one another to supply what they need or to purchase what they sell.

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