Q:

What are the four economic activities?

A:

Quick Answer

The four economic activities are resource maintenance, production, distribution and consumption. In order for an economy to function properly, a balance of all four activities must be maintained.

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What are the four economic activities?
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Full Answer

The four economic activities are essential to the establishment, growth and lifespan of any economy. Resource management concerns the stocks of resources available that contribute to the quality and conservation of life. Production takes resources and produces products, including goods and services. Distribution is the process by which all goods and services are shared. Markets are places where exchange takes place. Unlike exchanges, transfers are distributions given with no expectation of return. Consumption is the final use of the good or service.

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