Question

difference between economic and non economic activity​

Answer 1

economic & non economic activity

Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc. ... Economic activities result in creation and accumulation of wealth as they are done to earn profit.

Answer 2

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. Social or psychological, that is out of love, affection, etc.

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