Question

diffrence b/w economic activity and non economic activity?

Answer 1

ECONOMIC ACTIVITY
• refers to a human activity related to production and consumption of good and service for economic gain.
•economic activities are performed earn money.
• economic activity may take place between employer and employees or producers and consumers.
• economic activity is to earn income or profit.

NON-ECONOMIC ACTIVITY
•non-economic is an activity performed gladly with the aim of providing services to other without any regard to Monterey gain.
• non-economic activity are performed out of love and affection or out of duty.
• non- economic activity may be member of a family, social worker and those being served.
•non- economic activity are performed to get mental satisfaction.

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.