Describe Economic and Non Economic activities?
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The activities which are undertake or done for earning money is known as Economic activity
eg:lawyer and teacher
the activity which are undertake for love and affection not for earning money are non economic activity
glad to help you
eg:lawyer and teacher
the activity which are undertake for love and affection not for earning money are non economic activity
glad to help you
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Economic activities:
1. Its motive is economic i.e. to earn money .
2. It is measured in monetary terms.
3.It results in creation of wealth.
Non economic activities:
1.Its motive is social i.e love and effection.
2.lack money measurement
3.it results in stayisfaction and happiness.
1. Its motive is economic i.e. to earn money .
2. It is measured in monetary terms.
3.It results in creation of wealth.
Non economic activities:
1.Its motive is social i.e love and effection.
2.lack money measurement
3.it results in stayisfaction and happiness.
Similar questions
Economic Activities: Activities performed for economic gain.
Non-economic Activities: Activities which are not performed for economic gain or income. They do not give any financial return.
2. Objective
Economic Activities: There are performed to earn profit or earn a livelihood.
Non-economic Activities: These are performed for self-satisfaction only.
on-economic Activities: No expectation of monetary income, only psychological satisfaction