Question

Economic and non economic activities​

Answer 1

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.

Answer 2

Answer:

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Explanation:

• Economic activity refers to a human activity related to production and consumption of goods and services for economic gain.
• Economic activities:
• 1) Economic activities refers to a human activity related to production & consumption of goods & services for economic gain.
• 2) Economic motive is to earn money.
• 3) Money is measured in monetary terms.
• 4) It results in creation of wealth & assets.

• Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.
• 1) Non-economic activity refers to a activity performed with the aim of providing services to others without any regard to monetary gain.
• 2) Non-economic motive is social or psychological.
• 3) Money lacks in measurement.
• 4) It results in satisfaction & happiness.

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