Difference between economic activities and non economic activities ?
Answers
Answer:
ok ....Economic activity is an activity of providing, making, buying or selling commodities or services by people to satisfy day-to-day needs of life. Any activity that includes manufacturing, distributing or utilising products or services.
Activities that involve money or the exchange of products or services are economic activities. The three types of economic activities are.
Business – This economic activity provides goods and services to satisfy human needs on a daily basis with the aim of earning profits.
Profession – It can also be defined as an occupation or a professional job that offers specialised services in return for professional charges.
Employment – The activity is based on a contract between the company and the employee. Here, the employee performs duties for the company, and are paid (wages or salary) in return.
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Features of Economic activities
Earning motive
Utility creation
Satisfaction
Measurement
Additional link: Organisation Of Economic Activities
What are Non-Economic Activities?
Non-economic activity is an activity performed with the purpose of rendering services to others without any consideration to financial gain. Those activities which are initiated for personal content or to meet human sentiments are non-economic activities.
Some common examples of non-economic activities are.
Free -Time Activities – Its only aims at acquiring pleasure in idle time. For instance, painting and singing, etc.
Family-Commitment Activities – This activity is dedicated and inspired by family. For example, a teacher offering education to her/his own child at home and a doctor consulting his family, etc.
Cultural and Religious Activities – The activity includes happiness and mental satisfaction. Example, e.g. worshiping God and visiting the temple, etc.
Social Welfare Activities – It is based on a passionate feeling of helping or sympathising towards others. Such as a donation to underprivileged, participation on relief camp to help people affected by war, natural calamities, etc......
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Answer:
economic activities such as
1. primary sector:- works related to self employment eg:- agriculture, forestry, fishing and mining.
2. secondary sector:- activities related to manufacturing of small things. eg-manufacturing, food processing, oil refining etc.
3. teritary sector:- comprises of new services. eg- doctor, teacher
non economic activities
1. Free -Time Activities – Its only aims at acquiring pleasure in idle time. ...
2. Family-Commitment Activities – This activity is dedicated and inspired by family. ...
3. Cultural and Religious Activities – The activity includes happiness and mental satisfaction.
Explanation:
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