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What is economically active?

Updated: 9/23/2023
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11y ago

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Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure).

It is commonly measured by the GDP (Gross Domestic Product) which is probably one of the most reliable economic indicator.

Economic activity is the work that people do to enhance their quality of life. Economic activities include thing that people do to get, refine or use Natural Resources.

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Norberto Hirthe

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1y ago
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12y ago

Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure).

It is commonly measured by the GDP (Gross Domestic Product) which is probably one of the most reliable economic indicator.

Economic activity is the work that people do to enhance their quality of life. Economic activities include thing that people do to get, refine or use Natural Resources.

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10y ago

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