Question

5 differences between economic and non-economic activities

Answer 1

Economic activities
1) It refers to a human activity related to production and consumption of good and
services for economic gain.
2)It is measure in monetary terms .
3)It gives result in creation of wealth and assest.
4) It helps to add values in national income.
5)A teacher teaching in school for income is an economic activity.




Non economic activities
1) It is an activity perform gladly, with the aim of providing services to others without any regard to monetary gain.
2)Lacks to money measurement .
3) It gives result only satisfaction and happiness.
4)It does not affect national income.
5) A teacher teaching her child at home out of love is a Non economic activity.

HOPE IT'S HELP YOU.

Answer 2

Economic Activities :-

These activities give an income in return.

These are done to earn a livelihood.

For Example :- People going for work in factories ,farm , banks, hospitals,schools,etc.

Non Economic Activites :-

These activities do not give any income in return.

These are done out of compassion ,love and care.

For Example:- Doing social work, helping the poor, going to temple etc.