Question

An activity can be economic activity in one situation and non economic in another situation " do you agree? Give an example to justify your statement

Answer 1

Activities can be economic or non-economic based on intention.  

Explanation:

This statement is true. Economic activities are done with an intention of earning monetary value. Non-economic activities are performed with an intention to help people and contributing to the society.  

Here are some examples

1. A teacher teaching in school for 9,000 INR per month and same teacher teaches to slum children for personal satisfaction.

2. A doctor treating patients in clinic and same doctor treats poor families for free.  

Answer 2

Answer:

Yes

The Economic and non economic

is based on our intention