7. What is the difference between economic activities and non-economic activities?
Answers
Basis of difference :
Meaning :
Economic activities : Economic activities are those activities which are performed to earn a livelihood.
Non-economic activities : Non-economic activities are those activities which are performed out of love, sympathy, sentiments, patriotism, etc
Aim :
Economic activities : The main aim of these activities is to earn profits
Non-economic activities : The main aim of these activities is psychological satisfaction.
End result :
Economic activities : The end result of these activi-ties is to satisfy human need…
Non-economic activities :The end result of these activities is mental satisfaction of the person performing them.
Examples :
Economic activities : A teacher, a carpenter,a doctor, an artist, etc
Non-economic activities : A teacher teaching her own son, a doctor treating poor patients without charging any fees, etc.
⚡Hope it will help you.⚡
Answer:
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