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Utilization of goods and services that satisfy the wants and needs of customers.

Example: Consumers use the products and services of the business like clothind and healthcare which contribute to economic activity.

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A process of creating the goods and services using various other resources.

Example:

Businesses can transform natural elemets such as metalsand human resources and capital resources to produce products like cars and clothing

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How to deliver automotive manufacturing for the future-header

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Involves transfer of goods, services or money between people or businesses.

Example:

Resource distributers get money from businesses a for suppliying them with raw resources.

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Process of allocating goods, services and income to individuals and businesses.

Example:

Income earned by resource supliers and producers is used to purchase goods and services, completing the distribution cycle.

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These are all the important economic activities.