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Economic activity involves producing goods and services for sale, such as selling vegetables and fruits, while activities like watching TV or reading a book are not economic activities.
Economic activity involves the production of goods and services for sale, which includes the notion of exchange through buying and selling. Selling vegetables and fruits is an example of an economic activity as it involves exchanging goods for money. On the other hand, activities like watching TV, reading a book, playing video games, or helping a friend decorate for a party do not involve the production of goods or services for sale and are not considered economic activities.
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