Question

difference between economic and non economic activities ​

Answer 1

The main difference between economic and non-economic activities lies in the fact that the economic activities are carried out to satisfy human needs, whereas non-economic activities are performed for gaining psychological satisfaction.

Answer 2

Answer:

economic activities:

• economic activities contribute to the flow of goods and services in a economy.
• If there is an increase in productive activities that means the economy is progressing
• economic activities lead to an increase in the personal income as well as the national income.

Explanation:

non economic activities:

• non economic activities do not contribute to the flow of goods and services in an economy.
• increase in non economic activities is not an indicator of the economy progressing.
• non economic activities do not lead to an increase in a personal income and national income.

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