Differentiate between Economic and non economic activities.
Answers
Answered by
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:
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Answered by
84
Answer:
Economic Activities :
- Based on economic motives
- Undertaken to create wealth
- Money income is expected
- Essential for livelyhood
Non-Economic Activities :
- Based on psychological motives
- Undertaken for personal satisfaction
- Money income is not expected
- Necessary for pleasure
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