Economic and Non-Economic Activities
Class 11 Statistics — Classification of Human Activities, Three Main Economic Activities, Factors of Production
Classification of Human Activities
Human activities are broadly classified into two categories. Click each card to explore.
The Three Main Economic Activities
The three fundamental activities of an economy. Click each pillar to learn more.
Factors of Production
The income generated in an economy is distributed among the four factors of production. Click each to learn more.
Two Vital Elements
Production and Consumption
Production and Consumption are the two essential economic activities of an economy. Every individual is engaged either in consumption or in production. As a consumer, one consumes goods and services. As a producer, one produces goods and services.