differentiat between economic and non economic activities...any 3 points other than definition...
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1.Primary motive of economic activities is creation of wealth and earning financial remuneration. Non-economic activities are usually socially binding or undertaken for psychological satisfaction.
2.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.
3.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.
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