(16) What is the difference between economic activities and non economic activities
Answers
Explanation:
The activities which add value to the national income are called economic activities. In simple language we can say that those activities which are performed for money are called economic activities and those which are not performed for monetary gains are called non-economic activities.
Answer:
Your ans will be:
The difference between economic activities and non economic activities are:
Economic activities:
1. The activities which add values to the national income are called economic activities.
2. For eg- resource management, the production of goods and services, the distribution of goods and services and the consumption of goods and services.
Non economic activities:
1. Those activities which are initiated for personal content or to meet human sentiments are called non economic activities.
2. For eg- Free time activities, family commitment activities, cultural and religious activities, social welfare activities.
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