Question

differentiate between different types of economic activities with the help of examples

Answer 1

business- it includes production ,supply,manufacturing of good and all activities which are connected with production of goods.
with the main objective of earn profit.
profession-it includes all those activities which require special knowledge and skills to be applied by individual in their occupation.e.g=doctor,teacher.
employment-it refers to the occupation in which people work for others and get salary and wages in return.

Answer 2

Economic Activities :-

These activities give an income in return.

These are done to earn a livelihood.

For Example :- People going for work in factories ,farm , banks, hospitals,schools,etc.

Non Economic Activites :-

These activities do not give any income in return.

These are done out of compassion ,love and care.

For Example:- Doing social work, helping the poor, going to temple etc.