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Statistical Terms

Economic activity

Definition
  • Refers to production of products and provision of services that generate revenues
Commentary
  • Followi
  • Following revenue generating activities are not considered as economic activity:
    - unproductive activities which are illegal (ex: gambling, prostitution, etc)
    - forced labor and volunteer activity under the law
    - horse racing, cycling, securities, gift, etc.
Source KOSTAT (Economically Active Population Survey and other)
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