disttinguish between economic and non-economic activity?
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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 maindifference between economic and non-economic activities lies in the fact that the economic activities are carried out to satisfy human needs,
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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.
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