Question

distinguish between economic and non economic in 100 words

Answer 1

The difference between economic and non-economic activities can be drawn clearly on the following grounds: ...Economic activities are performed foreconomic motive, i.e. earning profit. On the other hand, non-economicactivities are performed due to social or psychological reasons, i.e. out of love, affection etc.

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Answer 2

Every human being keeps himself occupied in some activity to satisfy human wants; such activities are known as human activities. These activities are broadly classified as economic and non-economic activities. While economic activities are those conducted with an aim of earning money or acquiring wealth, non-economic activities are performed free of cost, with service motive.The main difference between economic and non-economic activities lies in the fact that the economic activities are carried out to satisfy human needs, whereas non-economic activities are performed for gaining psychological satisfaction. So, check out this article to get some more differences amidst these two types of human activities.

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