differenyiate between economic and non economic activities with one example each
Answers
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Activities which effect economy of a group is known as economic activity while activites which doesn't affect economy of the group is known non economic activity.
Ex: Economic: Building a factory.
Non Economic: Eating Food.
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Answer:
Economic activities are the activities of providing, making, buying or selling commodities or services by people to satisfy day-to-day needs of life. Any activity that includes manufacturing, distributing or utilising products or services is included in economic activities.
Features of Economic activities
Earning motive
Utility creation
Satisfaction
Measurement
Non economic activities:
Non-economic activities the activities that are performed with the purpose of rendering services to others without any consideration to financial gain. Those activities which are initiated for personal content or to meet human sentiments are non-economic activities.
Some common examples of non-economic activities are.
Free -Time Activities – Its only aims at acquiring pleasure in idle time. For instance, painting and signing etc.
Family-Commitment Activities – This activity is dedicated and inspired by family. For example, a teacher education to her/his own child at home and a doctor consulting his family etc.
Cultural and Religious Activities – The activity includes happiness and mental. Example, e.g. worshipping God and visiting the temple etc.
Social Welfare Activities – It is based on a passionate feeling of helping or sympathizing towards others. Such as a donation to underprivileged, participation on relief camp to help people affected by war, natural calamities etc.