[amp_mcq option1=”Production of wealth” option2=”Satisfy ones urge” option3=”Undertaking social service” option4=”Social service” correct=”option1″]
The correct answer is A. Production of wealth.
Economic activities are the activities that people undertake to produce and exchange goods and services. They are essential for the creation of wealth, which is the foundation of a prosperous society.
Option B is incorrect because economic activities are not primarily about satisfying one’s urges. While it is true that people may engage in economic activities in order to satisfy their needs and wants, this is not the primary purpose of economic activity.
Option C is incorrect because economic activities are not primarily about undertaking social service. While it is true that some economic activities may have a positive social impact, this is not the primary purpose of economic activity.
Option D is incorrect because economic activities are not primarily about social service. While it is true that some economic activities may have a positive social impact, this is not the primary purpose of economic activity.
In conclusion, the correct answer is A. Production of wealth.