Economy, asked by kaju6980, 8 months ago

Economic activities and non economic activities

Answers

Answered by VijayaLaxmiMehra1
20

Answer:

Economic Activities

Meaning:- Economic activities are those which are performed to earn livelihood.

Purpose:- To earn money

Examples:- A worker working in a factory, an enterpreneur performing enterpreneurial functions for production or trading of goods and services, etc.

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Non-economic activities

Meaning:- Non-economic activities are those which are performed out of love, sympathy, care, affection, self-satisfaction, patriotism, etc.

Purpose:- To satisfy social and psychological needs.

Examples:- A teacher teaching her son, a person going to temple for offering prayers, etc.

Hope it helps!!

Answered by piyushkumarsharma797
4

✷economic

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain.

✷non economic

Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.

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