Economic activity is the activity of making, providing, purchasing or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity.

Economic activities exist at all levels within a society. Additionally, any activities involving money or the exchange of products or services are economic activities. For instance, running a small business is a great example of economic activity and one you can learn more about at MultipleStreams.

Employees working in a factory and receiving wages, for example, are performing economic activities. Their employers are also economically active because they pay the workers and make and sell goods.

The term contrasts with non-economic activities. When somebody goes to a temple to pray or meditate, for example, they are performing a non-economic activity. So is helping a friend study if you receive no money for that help.

Economic activity – two definitions

There are many ways to define the term.

The University of Toronto’s Department of Economics has the following definition:

“Economic activity is the process by which the stock of resources or stock of capital produces a flow of output of goods and services that people utilize in partial satisfaction of their unlimited wants.”

“This process involves not only the production of goods and services but their distribution among the various members of the community.”

If Toronto University’s explanation is too complicated, perhaps you’d prefer Cambridge Dictionary’s simpler definition:

“The activity of producing, buying, or selling products or services.”

Economic activity – main aim

One of the main aims of economic activity is to produce goods and services to make them available to consumers.

All activities which we perform in exchange for money or things of value are economic activities.

Put simply; economic activities are those which we undertake to earn income, money, or wealth.

Unlimited wants vs. scarcity

With these activities, we secure the greatest satisfaction of unlimited wants with scarce and limited means.

‘Unlimited wants’ is an economic term. It refers to human’s insatiable appetite for things. Humans never get enough because there is always something else that we want or need.

However, even though we have unlimited wants, the resources we have available to get them is limited. In other words, the things we want are scarce.

Scarcity, which has plagued us ever since we first set foot on this Earth, has two halves:

1. Limited resources.
2. Unlimited wants.

GDP

GDP is the sum of every economic activity in a country. GDP stands for gross domestic product.

It is the most important economic measure of the state of a country’s economy. With one simple figure, we can tell whether an economy has grown, shrunk, or remained the same since one year ago.

In other words, GDP tells us whether economic activity has increased, declined, or remained flat.

Economic activity – classifications

Economists say there are four basic types of economic activities:

• The Primary Sector, i.e., raw materials.
• The Secondary Sector, which includes industry and manufacturing.
• The Tertiary Sector, i.e., services.
• The Quaternary Sector, which we also call the ‘knowledge sector.’

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Petroselinum  Crispum stands for the binneal herbs: Parsle; that originated in the middle east, but naturalised all over the world. It is grown widely in the tropical and the subtropical countries in wide ranging temperatures with adequate irrigation. It is very much used as a garnishing ingredient for its fresh minty flavor in culinary preparation.

Good source of health chemicals

Apart from being a great garnishing herb, it is a strorehouse of many polyphenolic compounds, flavonoids, vitamin A, vfitamin K and folates. Folate is one of the components chemical in the Vitamin B complex. This compound prevents cancer due to anti oxidant properties and other chemicals of polyphenolic nature, reduces the chances of diabetes.

Myrecetin and Luteolin, 2 flavonoids found in parsley play an important role in the prevention of cancers and tumors. Cancers are caused due to unrestrained replication of the cells with faulty DNA. DNA, genetic material is found in the nucleus of the cells. The cell have membranes that are made of lipo proteins. The lipids in the membranes are attacked by the free radicals and cause the destruction of the cell membranes and this is lipid peroxidation.

Understanding lipid peroxidation

Free radicals like hydroxyl group or carboxyl group are released into the system due to good or bad metabolic activities. These radicals are also added to the system due to ingestion or due to inhalation of certain toxic  chemcials in the environment .

The fatty acids easily react with free radicals with free oxygen and free nitrogen. After generation of the fatty radicals which are not quite stable, the end products react with oxygen atoms to saturate itself, thus forming peroxides of lipids. Sometimes, due to the excess of the free radicals in the system, the reaction continues to a great extend, however, there are anti oxidation vitamin E and vitamin A that try to terminate the oxidation by combining itself to the free radicals and stop the damage to the cell membranes.

Consequences of lipid peroxidation

It may be noted that stopping the peroxidation reaction may not be simple solution in the first place. The end products of the peroxidation that are generated will come to haunt. Malondialdehyde and 4 hydroxynonenal, 2 aldehyde products have major potential to cause a major concern for the system. This combine with the DNA proteins  like deoxyadenosine and deoxyguanosine which completely disrupts the normal structure of the DNA. These are carcnogenic mutations that will cause tumors when allowed to replicate.

How myrecetin works against cancer?

Myrecetin, the polyphenol of the parsley causes the trapping of the free radicals thus protecting the lipid peroxidation, thereby preventing the generation of the mutagenic lipid oxidation by products. Myrecetin works within the tumors propagation mechanism causing death to the cells with defective DNA.It works with the oncoproteins, protein kinase B to stop the neoplastic transformation of the cells. Moreover, myrecetin acts on the cell cycle and stops the mitotic division of the cells.  As the tumorous cells fail to multiply, the tumor growth gets arrested. The chemical helps in the stoppage of the shifting the site of the cancer to other sites of the body through its anti-metastasis action.

How does Luteolin work against cancer?

Like myrecetin,luteolin also exerts anti cancer action on the neoplastic cells; the cells that have undergone abnormal growth. Luteolin acts with the reactive oxygen species and traps those radicals, thus preventing them from damaging the cell membranes through lipid peroxidation.

Luteolin acts on enzyme oxidases, like xanthine oxidases, lipooxygenase, cyclooxygenase that causes the generation of the reactive oxygen species. Simultaneously,it supports the generation of anti oxidising enzymes present in the body; glutathione s transferase is one of those.

Luteolin supports the anti-cancer protein P53. this protein checks for the faulty replication or defects in the DNA strands. Either it stimulates the mechanism for the repair of the DNA or initiates apoptosis or cell death. This process kills of the tumor in the first place.

Best way to take parsley and a word of caution

Parsley could be taken raw with salad or with soup. Its minty flavor is refreshing and acts well as a garnishing agent. Excess consumption of this herb may cause indigestion. In exteme cases it can cause anemia and kidney failure.

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Odyssey has been the lead content writer and content marketer. He has vast experience in the field of writing. His SEO strategies help businesses to gain maximum traffic and success.

If you want to put the video on your website you must have a good knowledge of the basic video file types. What video file type to use? what are the pros and cons of each file type? These are just some of the questions you should ask yourself before proceeding with video implementation on your web pages.

There are three basic video file types on the internet.

Mpeg, AVI, and Quicktime.

I believe the Quicktime file type is the most popular since a lot of huge entertainment and news sites use it exclusively on their web pages.

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AVI is the oldest of the three main file types. It is a windows oriented video format but it’s not the most popular because of the sound and video compatibility and synchronizing problems. Because the Quicktime format can be used on either a window or a macintosh computer, the AVI video file type loses its popularity every day.

The MPEG format is a popular video file type that uses its high output quality to increase its popularity over the Quicktime format. Mpeg is used on video games, cd-ROMs, and other media that require high output quality. One disadvantage of MPEG is that it sacrifices file size to gain digital quality. The Mpeg video files are usually large.

Another disadvantage of the MPEG format is that you really need time and sophisticated hardware and software to convert plain video into MPEG. And let’s not forget that the MPEG format is not supported by Apple and macintosh meaning that if you put MPEG video on your website, those users with macintosh will not be able to see it.

Quicktime is by far the most popular video file type developed by apple for macintosh users but is also compatible with IBM-compatible machines and windows operating systems. The hardware and software you need to digitize video into the Quicktime format are very inexpensive, compared to the MPEG format. So it’s much easier and cheaper to create a video and put it on your website using the Quicktime format.

Odyssey News

Odyssey has been the lead content writer and content marketer. He has vast experience in the field of writing. His SEO strategies help businesses to gain maximum traffic and success.