Given below are two statements. In the light of the above statements, choose the most appropriate answer from the options given below:

1.All human actions associated with production, marketing and consumption of goods and services are defined as economic activities.

2.All human actions linked with production, marketing and consumption of goods and services, and also the time spent on leisure and pleasure activities, are defined as economic activities.

ABoth Statement I and Statement II are correct

BBoth Statement I and Statement II are incorrect

CStatement I is correct but Statement II is incorrect

DStatement I is incorrect but Statement II is correct

🔒 Answer hidden — practise on Mcqkart to check yourself and see the explanation.

Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.

Practise on Mcqkart →🎓 Book an expert →