Provide a description of the following terms:Economic Activity, Stone Age, Agricultural Revolution.?

Question

Economic Activity and the Economy.

Answer 1

A person is economically active if they are either employed or unemployed in a particular period - usually the survey reference week. Economically active people supply, or want to supply, their labour to produce goods and services within the production boundary, defined by the UN System of National Accounts. Therefore, economic activity is on the supply side of the labour market framework. Some countries refer to 'participation' to mean precisely the same as economic activity.

Stone Age: The Stone Age is a broad prehistoric time period during which humans widely used stone for toolmaking.

Agricultural Revolution: describes a period of agricultural development in Britain between the 18th century and the end of the 19th century, which saw a massive increase in agricultural productivity and net output. This in turn supported unprecedented population growth, freeing up a significant percentage of the workforce, and thereby helped drive the Industrial Revolution. How this came about is not entirely clear. In recent decades, enclosure, mechanization, four-field crop rotation, and selective breeding have been highlighted as primary causes, with credit given to relatively few individuals.