Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

In order to make an economy work efficiently, economic activities should take place without fail. Which of the following shows us the basic economic activities?

Options:

Distribution, production, saving

Consumption, expenditure and generation

Production, consumption, investment

None of the above

Correct Answer:

Production, consumption, investment

Explanation:

An economy consists of basic economic activities of production, consumption and investment. These are important because they act as the basis for the survival and growth of an economy.