economic activity
Trade and production
Economic activity is the production, distribution, and consumption of goods and services.
The term encompasses everything from manufacturing and farming to retail sales and financial transactions.
Economists measure economic activity through indicators like GDP, employment rates, and consumer spending.
The pandemic caused a sharp decline in economic activity.
Street vendors contribute to informal economic activity.
- gross domestic productTotal national economic output
- GDPNational output abbreviation
- commerceExchange of goods, services
- retail salesStore revenue from buyers
- employmentPaid occupation status
buying and selling · job creation · street vendors · investment · fiscal policy · local businesses · small business · market forces · supply chain · free market · population density · trade networks · entrepreneurship · industrial growth · labor market · agriculture · urban planning · spending
economic activityinactivity
Lack of movement
idleness · leisure · unemployment · dormancy · relaxation
economic activitysubsistence
Minimal means of living
barter · self-sufficiency · unpaid labor · domestic work · gift economy
economic activityeconomic stagnation
Persistent lack of growth
recession · depression · economic collapse · economic contraction · economic decline
activity, economy, economic, economics, economize, economist, economizing, economists, uneconomical