Business Studies, asked by AnimeshMandal63281, 1 year ago

distinguish between ecomic and non economic activities

Answers

Answered by Anonymous
2
Economy is about the creation and distribution of wealth, and the satisfaction derived from it. So economic activity is anything that involves raw materials, methods of production, buying and selling, hoarding, saving, spending. That covers a lot of activity including growing your own vegetables and fruits, going shopping, travelling, mending your own clothes, opening a bank account, paying taxes - and of course going to work.

Non-economic activity is that which is undertaken for personal satisfaction not related to wealth. That means it will not make you richer and should not make you poorer either. In principle, this could involve hobbies that don't require buying and selling, religion, private interests and enthusiasms, enjoyment of family or pets or countryside or Art, reading and thinking, arguing and discussing with friends, disliking or even hating politicians. All of these activities are self-improving and give satisfaction whether you are rich or poor.

Hope this helps
Please mark as brainliest if useful
Answered by Anonymous
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.

Similar questions