CBSE BOARD XII, asked by swarnendubhowmik07, 7 months ago

differences
bewteen ECONOMIC ACTIVITIES AND
NON - ECONOMIC ACTIVITIES?​

Answers

Answered by palak8828
0

Explanation:

Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.

Answered by Keerthana8th
1

Answer:

ECONOMIC ACTIVITY

1. Economic activity refers to a human activity related to production

   and consumption of goods and services for economic gain.

2. Economic, i.e. to earn money.

3. Measured in monetary terms.

4. Pragmatic

5. Creation of wealth and assets.

6. Adds value to national income.

NON-ECONOMIC ACTIVITY

1. Non-economic activity is an activity performed gladly, with the aim of    

   providing services to others without any regard to monetary gain.

2. Social or psychological, i.e. out of love, affection, etc.

3. Lacks money measurement.

4. Idealistic.

5. Satisfaction and happiness.

6. Does not affects national income.

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