Diferant between economic and a non-economic activity. Give any two points.
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Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.
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Economic activities are
those activitiesof man which
are undertaken for earning
money.
Whereas non economic activitiesare those activities that are not
undertaken for any monetary gain.
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