Economics · Introduction to Economics
Consumption is not only the starting point but also the final point of economic activities. Therefore, the true sequence of economic activities is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Wants → Economic activities → Production → Consumption✓
- 2Economic activities → Production → Consumption → Wants
- 3Production → Consumption → Wants → Economic activities
- 4Consumption → Wants → Production → Economic activities
Correct answer
Wants → Economic activities → Production → Consumption
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