2: from your surrounding give four
examples of those activities which are
both economic and non- economic.
Answers
Answer:
Economics activities:-
Economics activities are those activities which are associated with the production, exchange, distribution, and consumption of merchandise, at every level of the society. These activities are performed with the sole aim of earning money and producing wealth, to satisfy human wants, with limited resources. These activities form a basis for the economic development of the country as it adds value to the gross domestic product.
Economic activities are classified as business, profession and employment. Business is an activity which involves production and distribution of goods and services, for profit. The profession is related to the services provided by profession for monetary compensation called fee. Employment refers to an occupation in which a person works for another person for salary or wages.
Non-economic activities :-
Non-economic activities refer to a human activity undertaken sheerly out of love, affection, sympathy or patriotism. These activities are conducted voluntarily with an aim of rendering services to others for free, i.e. it cannot be measured in terms of money. It includes all those activities which are performed for the satisfaction of human sentiments that can be social, religious, cultural, personal, recreational, charity, patriotic.