Economic activity refers to any action or behavior that involves the production, distribution, or consumption of goods and services in an economy. It includes activities such as buying, selling, investing, and producing.
Related terms
Supply and Demand: The relationship between the availability of a product or service (supply) and its desire among buyers (demand).
Gross Domestic Product (GDP): The total value of all goods and services produced within a country's borders during a specific time period.
Inflation: A sustained increase in the general price level of goods and services over time.