Business Studies, asked by Amyra4177, 7 months ago

Differentiate between Economic and non economic activities.​

Answers

Answered by shivangpandey73
47

Answer:

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.

Explanation:

i hope it helps you....

Answered by Anonymous
84

Answer:

Economic Activities :

  1. Based on economic motives
  2. Undertaken to create wealth
  3. Money income is expected
  4. Essential for livelyhood

Non-Economic Activities :

  1. Based on psychological motives
  2. Undertaken for personal satisfaction
  3. Money income is not expected
  4. Necessary for pleasure
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