Economic Activity: Definition & Examples

An error occurred trying to load this video.

Try refreshing the page, or contact customer support.

Coming up next: Business Activities: Definition & Types

You're on a roll. Keep up the good work!

Take Quiz Watch Next Lesson
Your next lesson will play in 10 seconds
  • 0:00 Economic Activities
  • 1:24 Types of Economic Activities
  • 3:41 Lesson Summary
Save Save Save

Want to watch this again later?

Log in or sign up to add this lesson to a Custom Course.

Log in or Sign up

Speed Speed

Recommended Lessons and Courses for You

Lesson Transcript
Instructor: Beth Hendricks

Beth holds a master's degree in integrated marketing communications, and has worked in journalism and marketing throughout her career.

Do you like making money? Economic activities should fit the bill! In this lesson, you'll learn more about economic activities, the various types and how non-economic activities differ from money-making ventures.

Economic Activities

Have you ever worked a job? Bought a hamburger? Purchased a video game at a local game store? If so, you've participated in what the business community calls economic activities. Economic activities are those steps related to the consumption of goods and services and activities in which money is exchanged for a product or service.

Economic activities are performed for the purpose of making money, gaining wealth, and creating and producing items that can be offered to the public for sale. Restaurants, large retailers and even small businesses engage in economic activities every day. The outcome of economic activities is measured monetarily.

By contrast, non-economic activities are those performed without money in mind. Maybe you volunteered at a local animal shelter or worked to prepare care packages for the military. Non-economic activities are conducted voluntarily, typically out of a sense of affection, sympathy or similar emotion. It could be related to a social cause, a religious preference, a recreational choice or a charitable goal. In non-economic activities, money is not a determining factor and cannot be used to measure the outcome; rather, that is measured in satisfaction, fulfillment and happiness.

Types of Economic Activities

There are several types of economic activities including business, professions, and employment. Let's take a closer look at each.

Our first type of economic activity is business. Whether it's a formal business, an entrepreneurial venture, or a small lemonade stand in the front yard, the economic activity of business is any activity where goods and services are exchanged for the earning of money. Any business that offers products or services to earn a profit or make a living is engaged in an economic activity.

Similarly, all the various components of a business involved in creating and distributing goods and services to the public are considered economic activities, such as marketing, production, warehousing and more.

Where else might you find business as an economic activity? A cab driver, a bank, an insurance company, even a pizza delivery store.

To unlock this lesson you must be a Member.
Create your account

Register to view this lesson

Are you a student or a teacher?

Unlock Your Education

See for yourself why 30 million people use

Become a member and start learning now.
Become a Member  Back
What teachers are saying about
Try it risk-free for 30 days

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Create an account to start this course today
Try it risk-free for 30 days!
Create an account