Question

1. Distinguish between economic and non economic environment of business. How do they interact with each other? Describe various elements of economic environment. Explain various non economic factors of business environment. Discuss the primary and sub goals of economic development.​

Answer 1

Answer:

The main difference between economic and non-economic activities lies in the fact that the economic activities are carried out to satisfy human needs, whereas non-economic activities are performed for gaining psychological satisfaction.