differences
bewteen ECONOMIC ACTIVITIES AND
NON - ECONOMIC ACTIVITIES?
Answers
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.
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.