Question

differentiate between economic and non economic activity in village Palampur​

Answer 1

Answer:

Economic activities-

I.Activities through which a person can gain/earn money.

ii.For ex-Agriculture,Dairy farming, poultry etc.

Non-economic activities-

I.These activities don't involve the any monetary activities.

ii.For example-Building a house, reading newspaper, cycling etc.

Answer 2

Answer:

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non economic activity is an activity performed gladly with the aim of providing services to others without any regard to monetary gain

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