List the different economic activities.

Different Economic activities are as follows:

• Production: This includes the production of goods and services. For example, Production of various crops, Mining activities, transportation, etc.

• Consumption: This activity includes the consumption of goods and services which people buy to satisfy their needs. For Example, People consume the services provided by the doctor for medical treatment.

• Exchange: In this activity, the exchange of goods and services takes place in which money uses as a medium of exchange. For Example, Ram paid Rs 5 to buy a pen.

• Distribution: In this activity distribution of income takes place which is earned through products and services. This income is divided among the various means of production which includes land, labour, capital, etc.