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Which of the following would not constitute an economic activity in Economics ?
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- A teacher teaching students in his college
- A teacher teaching students in a coaching institute
- A teacher teaching his own daughter at home
- A teacher teaching students under Sarva Shiksha Abbiyan Scheme
- A teacher teaching students in his college
Correct Option: C
Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure). It is commonly measured by the GDP (Gross Domestic Product) which is probably one of the most reliable economic indicators. A teacher teaching his daughter at home is the example of a non-economic activity.
