In your day-to-day life you may be engaged in several activities. However, when some
one asks you as to what you want to become in your life or what you want to do in
future, your answer may be – “I want to join a suitable job or I want to become a doctor,
an engineer, a dancer or a musician”, or you may say, “I want to do my own business”. But
why do you want to do any of such activities? Obviously, it is mainly to earn your livelihood.
Broadly speaking, every human activity in which one is engaged for the purpose of earning
one’s livelihood is known as economic activity. In this lesson we shall learn about all such
activities, their categorisation and some other related aspects.