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What is the difference between a reccession and a depression?
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
What is the difference between global economy and international economy?
There is no functional difference; they are the same thing, though they may be applied to differentiate between economic activity between certain groups of states and the world as a whole.
Explain the difference between primary secondary and tertiary economic activities?
primary economic activity is when you take or use natural resources directly from the earth.for example:mining, logging, drilling for oil, fishing, and farming. Secondary economic activity is when you use raw materials to produce something new. for example: John Morells, Carpenter
How many sectors are there in economic activity?
Economic activity refers to all transaction between individuals/groups and countries make as well as investments/savings and consumption of those transactions. Therefore, there are literally billions of economic activity going on around the world. If you buy a cabbage in the supermarket, that's an economic activity If you put your money into a bank, that's an economic activity
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
What is the difference between economic and noneconomic?
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
What is the difference between a reccession and a depression?
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
What is the difference between activity and experiment?
the difference between activity and experiment is ...experiment is do
What is the difference between global economy and international economy?
There is no functional difference; they are the same thing, though they may be applied to differentiate between economic activity between certain groups of states and the world as a whole.
What is the difference between economics and commercial activity?
commercial economy those aspects of an economy that are tied to the exchange of goods, services, and labor activities, while economic activity attracts and supports a range of industries.
Explain the difference between primary secondary and tertiary economic activities?
primary economic activity is when you take or use natural resources directly from the earth.for example:mining, logging, drilling for oil, fishing, and farming. Secondary economic activity is when you use raw materials to produce something new. for example: John Morells, Carpenter
How many sectors are there in economic activity?
Economic activity refers to all transaction between individuals/groups and countries make as well as investments/savings and consumption of those transactions. Therefore, there are literally billions of economic activity going on around the world. If you buy a cabbage in the supermarket, that's an economic activity If you put your money into a bank, that's an economic activity
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
What is called the difference between the value that an activity generates and the cost of the activity?
revenue
What is the difference between comparative economics and comparative economic system?
The different between them is that the word economics and economic.
What is the difference between an economic revolution and a political revolution?
the diifference between a political revolution and an economic revolution
What are the Differences between economic history and history of economic thought?
the difference history of economic and history of economic thought
