Education
What is economic activity? Definition and examples
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:
- Limited resources.
- 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.’
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.
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.
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.
Effectively market with video on the web is not just slamming some video content up on your web pages, it more toward effective video communication through video publishing & sharing on the web.
Let the web users know also this is a short video. No one wants to sit through a 30-minute presentation on the history of your company; be focused on your products/services and deliver your messages preferable within 2 minute.
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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.
Composing articles is perhaps the most ideal approach to produced free traffic to your site. A short article, submitted to a couple of spots, makes perpetual streams of traffic.
Here is a portion of the manners in which articles carry traffic to your site:
1. Click-throughs from article banks
Individuals read your articles at an article bank, and click on the connection in the “writer’s resource box.”
2. Search engine traffic
Search “modest global boarding passes” on Google, and locales with my article will be in the outcomes. Any place the article is discovered, perusers can click through to my movement site.
3. Other sites
At the point when my reports show a referral address I don’t perceive, it’s typically a site that is utilizing one of my articles.
#Article Submission – The Basics
Present your articles to article banks and newsletters. Article banks normally convey “free-dispersion “articles, which means anybody can utilize them for a website, newsletter or blog. They can’t transform them, and they need to leave your connection dynamic. The connection is in the “resource box,” where you say something regarding yourself and welcome the peruser to visit your site.
When you compose an article you need to get it distributed, this is not difficult to do, discover article directories that are high traffic and easy to understand. High traffic locales are your most ideal alternative, your article spread around the web a lot quicker, and along these lines getting you traffic quicker.
Post an article once, and it can spread, making perpetual streams of traffic. Why perpetual? Pick any moving point and compose on it and time to time update the information additionally add the hyperlinks to it the writer gets clicks through to her site, however I get traffic – and revenue – so I’ll never eliminate that article.
#The Easiest Article Writing
Article composing isn’t only for essayists. Online articles are short and less formal than magazine articles in any case, however in the event that you truly don’t care for composing, attempt a “list-article.” This is the most famous kind of article on the web, which is lucky, on the grounds that it’s additionally the simplest sort to compose.
For a site about bringing in cash on Ebay, you could compose an article named “The Top 20 Sellers On Ebay.” A short presentation, a list with a sentence or two about every thing, somewhat about yourself and a connection to your site, and you’re finished. Express “Five Mistakes People Make On Ebay,” and we need to peruse that to keep away from the errors, correct?
The more articles that you compose the more traffic you drive to your website. A decent number to begin with is five articles, compose and distribute at least 5 every day, or possibly 150 every month. In the correct directories and circulation, you can assemble a huge number of back links a month.
There is nothing of the sort as amazing article the first occasion when you compose. Your ability of composing keeps on developing as you continue composing. Ensure that as you continue composing, you create yourself towards turning into the best article essayist. Article composing is gaining from others. As an author, one of your sources towards having a significant, elegantly composed article is from others’ perspective. So follow this to get traffic on your Articles.
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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.
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