Economic Activity

Economic activity refers to the production, distribution, and consumption of goods and services within an economy. It encompasses all actions that create value, such as businesses making products, workers earning wages, and consumers purchasing those products. Economic activity is measured by indicators like Gross Domestic Product (GDP), which reflects the total value of all goods and services produced. It influences employment rates, income levels, and overall economic growth, impacting society's wellbeing. Essentially, it captures how resources are used to meet people's needs and wants in a structured manner.