CBSE Notes, Lectures

CBSE - Economics - The Story of Village Palampur

The Story of Village Palampur

Short Answer Type

What is a production activity? 

1. Production activity is an economic activity which involves a production of a goods and services to satisfy the needs of people.

2. It is the process of manufacturing of some things.

3. In this process raw material is converted into finished goods.

4. Goods are converted in to more valuable goods 

.