do you believe that economic and non economic value are important Give reason
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Economic and Non-Economic Factors
Economic Factors. Natural Resource: The principal factor affecting the development of an economy is the availability of natural resources. ...
Non- Economic Factors. 'Economic Development has much to do with human endowments, social attitudes, political conditions and historical accidents.
difference
Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.
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