economic activity

Definition

Actions that involve the production, distribution and consumption of goods and services at all levels within a society. Gross domestic product or GDP is one way of assessing economic activity, and the degree of current economic activity and forecasts for its future level can significantly impact business activity and profits, as well as inflation and interest rates.

Use economic activity in a sentence

  • The economic activity in the region was being analyzed by our team and we had concluded it would be great to enter the market.

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  • There was some new economic activity going on in the area and it made me excited at the thought of new activities and opportunities.

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  • You should try and follow all of the economic activity so that you know how it might affect your business.

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