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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.