Question

differences between economic activity and non economic activity???​

Answer 1

Answer:

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. Economic, i.e. to earn money.

Explanation:

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Answer 2

Answer:

Meaning

1.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.

Motive

2.Economic, i.e. to earn money.(economic) Social or psychological, i.e. out of love, affection, etc.(non economic)

Money measurement

3.Measured in monetary terms.(economic) Lacks money measurement.(Non economic)

Approach

4. Pragmatic(economic) Idealistic(non economic)

Results in

5.Creation of wealth and assets.(economic) Satisfaction and happiness.(non economic)

National Income

6.Adds value to national income.(economic)Does not affects national income. (non economic)

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