Classidy various activities on the basis of its
economic benefits.
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1
Answer:
teaching at school is an economic activity as it is carried out due to economic benefits and involves circulation of money . But on the other hand teaching at home to your children is non economic activity as it is carried out due to love affection and satisfaction
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economic activity can be classified as:-
1. market activities- activities which are performed for pay or profit. for ex- teacher, doctor.
2.non market activities- activities which are performed for self consumption.for ex- mother cook food for her family...
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