Home › CBSE Class 11 › economics › Introduction to Statistics › The economic activity of creating goods and serv…
The economic activity of creating goods and services to be sold in the market is:
Aexchange
Bconsumption
Cproduction
Ddistribution
Answer & Solution
Correct answer: C. production
Production creates goods/services to be sold.
Related questions
A person who works for another in return for a salary or wage is best described as a:Statistics is useful in economics chiefly because it helps to:The sharing of the nation's income among the owners of the factors of production is studieThe use of goods and services to satisfy human wants is known as:The fundamental economic problem that gives rise to economic activity is the:A person or firm engaged in producing goods and services for sale is called a:A person who purchases goods and services to satisfy his or her wants is called a:The three traditional branches into which the study of economics is divided are consumptio