1. Give two examples each of economic and non-economic activities. 2. Distinguish between Economic and Non-economic activities on the basis of (i) Purpose (ii) Outcome 3. What is meant by an occupation? 4. Explain any two characteristics of employment. 5. Explain any two characteristics of profession please answer all the above five questions
Answers
Answer:
1A: economic example: transport, health
non- economic example: which do not give income
2A: economic activities are those activities of man which are undertaken for earning money. whereas non economic activities are those activities that are not undertaken for any monetary gain.
3A: a job or profession.
4A: employment refers to the occupation in which people work for other and get remuneration in return in form of salary or wages. there is an agreement between employs and employ and specified term of conditions. there is no risk for any employer.
5A: state any two characteristics of the business. profession is occupation, practice, or vocation requiring mastery of a complex set of knowledge and skills through formal education and/or practical experience.