Question

डिफरेंस बिटवीन इकोनामिक एंड नों इकोनामिक एक्टिविटीज​

Answer 1

Answer:

Economic Activities -

• Are undertaken to create something useful, which can be sold or exchanged for something else.
• Are performed with the motive of earning income or profit.
• Are measured in monetary terms.
• Results in creation and accumulation of wealth as they are done to earn profits.
• Important for economy as they add value to country’s national income.
• A teacher teaching in school for income is an economic activity.

Non Economic Activities -

• Are undertaken with the aim to provide services without any regard to monetary gain.
• Are performed due to social or psychological reasons like love, affection etc.
• No money measurement. Are performed free of cost.
• Results in mental satisfaction and happiness.
• Have no direct influence on country’s national income.
• A teacher teaching her child at home out of love is a non economic activity.