Question

Briefly discuss the meaning of economic and non economic activities

Answer 1

onomic activity refers to a human activityrelated to production and consumption of goods and services for economic gain. Non-economic activity is anactivity performed gladly, with the aim of providing services to others without any regard to monetary gain. Motive.Economic, i.e. to earn money.

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.