​​Given below are two statements:

Statement I: All human actions associated with production, marketing, and consumption of goods and services are defined as economic activities.

Statement II: All human actions linked not only with production, marketing, and consumption of goods and services but the time spent on leisure and pleasure activities are also defined as economic activities.

In the light of the above statements, choose the most appropriate answer from the options given below:

Correct option is C

Statement II: Incorrect. Leisure and pleasure activities are not considered economic activities because they do not involve the creation of goods or services for earning income. Such activities are classified as non-economic activities, as they are pursued for personal satisfaction or recreation rather than economic gain.

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