Question

Distinguish between economic and non - economic activities in about 100-150 words.

Answer 1

Basis of difference :

Meaning :
Economic activities : Economic activities are those activities which are performed to earn a livelihood.
Non-economic activities : Non-economic activities are those activities which are performed out of love, sympathy, sentiments, patriotism, etc
Aim :
Economic activities : The main aim of these activities is to earn profits
Non-economic activities : The main aim of these activities is psychological satisfaction.
End result :
Economic activities : The end result of these activi-ties is to satisfy human need…
Non-economic activities :The end result of these activities is mental satisfaction of the person performing them.
Examples :
Economic activities : A teacher, a carpenter,a doctor, an artist, etc
Non-economic activities : A teacher teaching her own son, a doctor treating poor patients without charging any fees, etc.

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.