3 differences btw economic and non economic activities
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Economic activity refers to a human activity related to production and consumption of goods and services for economic gain.Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.
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An activity related to production and consumption of goods and services for economic gain is known as economic activities. An activity performed gladly, with the aim of providing services without any regard to monetary gain is known as the non-economic activity.
Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection
Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection
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