Economic Activities

The activities which are undertaken with the object of earning money
are called economics activities.These activities are related to production,
exchange,distribution,and consumption of goods and services.These activities
are done to earn an income and to create wealth.Every human beings undertakes some kind of economics activities with the view to earn his
living .All these activities create utilities.For example, a manufacture
produces goods , a retailer sells goods ,a principle runs a school and a doctor
runs a clinic to earn a living and to create wealth.These activities preformed
by men to earn an income and wealth are known as economic activity.Thus
, the economic activities are directly related to money.

Economics activities are undertaken to produce goods and services so that
human wants are satisfied.It has following features:

(1) Earn money:One of the major features of economics activities is to earn money.Every human being undertakes some kinds of work with a view to earn money and his livelihood.A teacher teaching in class and a Clark working in an office with the object of earning money are economics activities.

(2)Creation of utility:Economics activities are concerned with creation of utilities . Raw materials are produced into finished goods.Finished goods are distributed in the right place at the right time .All these activities creates utilities.Thus,creation of utilities is another features of economic activities.

(3)Money Measurement:Economics activities are undertaken with a view to earn an income.All economics activities are related with wealth.Thus ,they are measured in money.For example salary of a clerk is fixed and a labourer gets a fixed wage.