Question

Differentiate between economic and non-economic activities 5 points

Answer 1

Economic Activities:

1. Economic activities lead to an increase in the personal income of the individual.

2. Economic activities contribute to the flow of goods and services in an economy.

3. These add value to the national income.


Non economic activities:

1. Non economic activities do not increase the personal income of an individual.

2. Non economic activities do not contribute to the flow of goods and services in an economy.

3. These do not add any value to the national income.

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.