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What Is A Base Economic Activity? [Solved]
- BASIC ECONOMIC ACTIVITIES. Production, consumption and capital formation are called the basic economic activities of an economy. Scarce resources are used in the production of goods and services with the objective of satisfying our needs and wants.
What are some examples of economic activity?
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5 Economic Sectors - Primary, Secondary, Tertiary, Quaternary, & Quinary
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Urban Economic Base Theory | Basic & Non-Basic Activities | 🤗
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