1. Explain why jobs like shopping and looking after children are considered to be
economic activities.
2. Name two types of material wealth that you would not like to give up. Name two
types of non-material wealth you would most like to keep.
3. a) Suppose you were an economics expert and someone asked you to define the
term "quality of life." What definition would you give?
b) Describe the living conditions of someone with a high quality of life. Describe
a low quality of life.

Economic activity is those activities that are undertaken to earn a living and jobs like looking after children are a sort of economic activity as they also help in the generation of revenue. These economic activities include the purchase of items from the stores etc.

The answer is to earn a living.

Economic activities help to generate wealth. The materials that would lead to the material wealth are money and assets and those would are most Lile to be kept.

The quality of life is a life filled with health, wealth and prosperity. The position of culture may differ and may include several standards.

Learn more about the like shopping.

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