The subject of what is the meaning of economic activity is a very difficult one. I am afraid I cannot offer a definitive answer in this short article. This is because it really depends on your point of view. My point of view is that economics is not a science, it is an attempt to understand how people actually make choices.
When thinking about what is the meaning of economic activity, you need to be very clear about what you mean by it. Are you talking about the economic activities of an individual, a group or the government? In other words, are you talking about the private or the public? Or perhaps you are less concerned with the meaning and more with the usefulness of the information you are gaining. In other words, do you want to use this information to help you understand what is going on in the world today or do you just want to use it to benefit yourself and benefit your family?
As I said, economics is not a science but I can try to give you some ideas on what is the meaning of economic activity. For example, did you ever hear the expression, rent to own? This phrase means that a person can buy and own a piece of property and as such, have exclusive rights to the property. This right does not disappear when the person who bought it vacates his or her possession of it. Rent to own sounds like a complicated idea but actually it is easy to understand.
Another way of looking at economic activity is to look at what people do with their money. Money has many meanings but it essentially is a way of exchanging one kind of value for another. For example, money is used to purchase goods and services that are produced by human effort. Money also represents the legal value that is associated with the ownership of a particular commodity. It is a unique and special way of indicating the value that is created within a market.
I would like to introduce you to an interesting word called liberty. Liberty means the power of making choices. It is an individual's ability to act according to his or her own judgment. When you are in a place where you are aware of your freedom, you can begin to ask yourself what is the meaning of economic activity then?
Most people would immediately respond that economic activity refers to work. This may be true, but the reality is something different. A good description of economic activity would be to describe the work as being a necessary part of everyday life. This is so because without work, people would not be able to maintain their financial stability. Work is an essential part of how we survive and so it is something that we should all embrace.
The meaning of economic activity also has a lot to do with money. As I mentioned earlier, money plays a large role in our survival. Money can make all the difference in whether or not we get food, shelter and safety or if we are left to fend for ourselves. Understanding this would help us . . . . . . gain a better appreciation for the role that money actually plays in our lives.
In a final note, I would like to say that what is the meaning of economic activity? The answer might surprise you. That is, it does not have anything to do with the stock market. I have no idea why many people believe that the stock market will give them a better definition of what is the meaning of economic activity. Stock prices are nothing more than the price of a company's shares on the stock market.