Question

Differentiate between economic and non economic activities with help of an example​

Answer 1

Answer:

Economic activities :

(i)These are the activities through which we can earn money.

(ii) In these activities the products are not meant for only self consumption.

(iii) Ex : teaching , industrialists , officials , lawers , buisneesman etc.

Non Economic activities :

(i)These are the activities through which we don' t earn any money.

(ii)The products which are produced in these activities are only meant for self consumption.

(iii) Ex : small scale manufacturing or farming in a small scale only for self consumption.

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